<SEC-DOCUMENT>0001292814-16-004412.txt : 20160429
<SEC-HEADER>0001292814-16-004412.hdr.sgml : 20160429
<ACCEPTANCE-DATETIME>20160429110541
ACCESSION NUMBER:		0001292814-16-004412
CONFORMED SUBMISSION TYPE:	20-F
PUBLIC DOCUMENT COUNT:		23
CONFORMED PERIOD OF REPORT:	20151231
FILED AS OF DATE:		20160429
DATE AS OF CHANGE:		20160429

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:		20-F
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14906
		FILM NUMBER:		161603606

	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>20-F
<SEQUENCE>1
<FILENAME>ccuform20f_2015.htm
<DESCRIPTION>FORM 20-F
<TEXT>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 252pt; TEXT-INDENT: -252pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>UNITED STATES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>WASHINGTON, D.C. 20549</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 8pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>FORM 20-F</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt 41.3pt; TEXT-INDENT: -41.3pt" align=center><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&nbsp; </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&nbsp;&nbsp; REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>OR</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" align=center><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>X </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&nbsp; ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EXCHANGE ACT OF 1934</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt 234pt; TEXT-INDENT: -234pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>For the fiscal year ended&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><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>December 31, 2015</FONT></U></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>OR</FONT></U></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 14.15pt; TEXT-INDENT: -14.15pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt" align=center><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&nbsp; </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&nbsp;&nbsp; TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp; EXCHANGE ACT OF 1934</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>OR</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 41.3pt; TEXT-INDENT: -41.3pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt" align=center><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&nbsp; </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&nbsp;&nbsp; SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp; EXCHANGE ACT OF 1934</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>&nbsp; Date of event requiring this shell company report _____________ </FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 13pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt 13pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>For the transition period from&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; _____________ to _____________</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 13pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt 13pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Commission file number &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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><U><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0-20486</FONT></U></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 13pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 13pt" align=center><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>COMPA&#209;IA CERVECERIAS UNIDAS S.A.</FONT></U></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 13pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>&nbsp;(Exact name of Registrant as specified in its charter)</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 13pt" align=center><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>UNITED BREWERIES COMPANY, INC.</FONT></U></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 13pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>&nbsp;(Translation of Registrant's name into English)</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 13.05pt; LINE-HEIGHT: 8pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 13pt" align=center><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Republic of Chile</FONT></U></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 13pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>&nbsp;(Jurisdiction of incorporation or organization)</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 13pt" align=center><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Vitacura 2670, Twenty-Third Floor, Santiago, Chile</FONT></U></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 13pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>&nbsp;(Address of principal executive offices)</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 13pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 13pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Felipe Dubernet, (562-24273536), </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>fdubern@ccu.cl</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif> &nbsp;Vitacura 2670, Twenty-Third Floor, Santiago, Chile</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 13pt" align=center><U><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: 0pt" color=windowtext face=arial,sans-serif>(Name, Telephone, Email and/or Facsimile number and Address of Company Contact Person)</FONT></U></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 13pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>_________________________________________</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 13.05pt; LINE-HEIGHT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt 13.05pt; LINE-HEIGHT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 13pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Securities registered or to be registered pursuant to section 12(b) of the Act.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 13pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt 13pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Name of each exchange</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt 13pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Title of each class</FONT></U></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>on which registered</FONT></U></B></P>
<P style="MARGIN: 0cm 0cm 0pt 13pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Depositary Shares&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Stock Exchange</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 13pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Representing Common Stock</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 13pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stock, without par value&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Stock Exchange*</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 13pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>__________&nbsp; </FONT></P>
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<p style="margin:0cm;margin-bottom:.0001pt;margin-left:13.0pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">*&#160;&#160;&#160; Not for trading, but
only in connection with the registration of American Depositary Shares which
are evidenced by American Depositary Receipts</font></p>

<p style="line-height:8.0pt;margin:0cm;margin-bottom:.0001pt;margin-left:13.05pt;"><font face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-left:13.0pt;"><b><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Securities registered or to be
registered pursuant to Section 12(g) of the Act.</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-left:13.0pt;"><b><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Not applicable</font></u></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-left:13.0pt;"><b><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Securities for which there is a
reporting obligation pursuant to Section 15(d) of the Act.</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-left:13.0pt;"><b><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Not applicable</font></u></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-left:13.0pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-left:13.0pt;text-indent:14.15pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Indicate the number of
outstanding shares of each of the issuer's classes of capital or common stock
as of the close of the period covered by the annual report.</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;margin-left:13.0pt;text-align:center;"><b><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Common stock, with no par
value:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 369,502,872</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Indicate by check mark if the
registrant is a well-known seasoned issuer, as defined in Rule 405 of the
Securities Act.</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;margin-left:13.0pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">YES</font><u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160; X&#160; </font></u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;NO____</font><u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> </font></u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">If this report is an annual or
transition report, indicate by check mark if the registrant is not required to
file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934.</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;margin-left:13.0pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">YES</font><u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160; </font></u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;NO</font><u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> X </font></u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;</font></p>

<p style="line-height:8.0pt;margin:0cm;margin-bottom:.0001pt;margin-left:13.05pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;margin-left:13.0pt;text-align:center;text-indent:14.15pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Indicate
by check mark whether the registrant (1) has filed all reports required to be
filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;margin-left:13.0pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">YES</font><u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> X </font></u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;NO_____</font><u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160; </font></u></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;margin-left:13.0pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Indicate by check mark whether the
registrant has submitted electronically and posted on its corporate web site,
if any, every Interactive Data File required to be submitted and posted
pursuant to Rule 405 of Regulation S-T (&#167;232.405 of this chapter) during the
preceding 12 months (or for such shorter period that the registrant was
required to submit and post such files).</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">YES</font><u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160; </font></u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NO__</font><u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160; </font></u></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;margin-left:13.0pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Indicate by check mark whether the
registrant is a large accelerated filer, an accelerated filer, or a
non-accelerated filer. See definition of &#8220;accelerated filer and large
accelerated filer&#8221; in Rule 12b-2 of the Exchange Act. (Check one):</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Large accelerated filer</font><u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> X </font></u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;Accelerated filer </font><u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;</font></u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Non-accelerated
filer____</font><u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160; </font></u></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Indicate by check mark which basis of
accounting the registrant has used to prepare the financial statements included
in this filing:</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">U.S. GAAP </font><u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;</font></u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160; International Financial
Reporting Standards as issued&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Other____</font><u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160; </font></u></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">by the International Accounting
Standards Board </font><u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;X
</font></u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;margin-left:13.0pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;margin-left:13.0pt;text-align:center;text-indent:14.15pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">If
&#8220;Other&#8221; has been checked in response to the previous question, indicate by
check mark which financial statement item the registrant has elected to follow.</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;margin-left:13.0pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ITEM 17</font><u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160; </font></u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ITEM 18__</font><u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160; </font></u></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;margin-left:13.0pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">If this is an annual report, indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act). </font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;margin-left:13.0pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">YES</font><u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160; </font></u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;NO</font><u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> X </font></u><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;</font></p>








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   <TD colSpan=2 align=center><B><FONT size=3 face=Arial,Bold,Arial,Helvetica,sans-serif>Table of Contents</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=right><FONT size=4 face=Arial,Helvetica,sans-serif>Page</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>
   <A href="#_Toc417671476"><FONT size=2 face=Arial,Helvetica,sans-serif>Introduction</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671476"><FONT size=2 face=Arial,Helvetica,sans-serif>i</FONT>&nbsp;</A></TD></TR>

<TR vAlign=bottom>

   <TD align=left>
   <A href="#_Toc417671477"><FONT size=2 face=Arial,Helvetica,sans-serif>Forward Looking Statements</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671477"><FONT size=2 face=Arial,Helvetica,sans-serif>ii</FONT>&nbsp;</A></TD></TR>

<TR vAlign=bottom>

   <TD align=left>
   <A href="#page_6"><FONT size=2 face=Arial,Helvetica,sans-serif>PART I</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#page_6"><FONT size=2 face=Arial,Helvetica,sans-serif>3</FONT>&nbsp;</A></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671478"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 1: Identity of Directors, Senior Management and Advisers</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671478"><FONT size=2 face=Arial,Helvetica,sans-serif>3</FONT>&nbsp;</A></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671479"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 2: Offer Statistics and Expected Timetable</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671479"><FONT size=2 face=Arial,Helvetica,sans-serif>3</FONT>&nbsp;</A></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671480"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 3: Key Information</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671480"><FONT size=2 face=Arial,Helvetica,sans-serif>3</FONT>&nbsp;</A></TD></TR>

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   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671481"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 4: Information on the Company</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671481"><FONT size=2 face=Arial,Helvetica,sans-serif>16</FONT>&nbsp;</A></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671482"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 4A: Unresolved Staff Comments</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671482"><FONT size=2 face=Arial,Helvetica,sans-serif>61</FONT>&nbsp;</A></TD></TR>

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   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671483"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 5: Operating and Financial Review and Prospects</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671483"><FONT size=2 face=Arial,Helvetica,sans-serif>61</FONT>&nbsp;</A></TD></TR>

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   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671484"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 6: Directors, Senior Management and Employees</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671484"><FONT size=2 face=Arial,Helvetica,sans-serif>80</FONT>&nbsp;</A></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671485"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 7: Major Shareholders and Related Party Transactions</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671485"><FONT size=2 face=Arial,Helvetica,sans-serif>92</FONT>&nbsp;</A></TD></TR>

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   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671486"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 8: Financial Information</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671486"><FONT size=2 face=Arial,Helvetica,sans-serif>98</FONT>&nbsp;</A></TD></TR>

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   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#itn9"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 9: The Offer and Listing</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#itn9"><FONT size=2 face=Arial,Helvetica,sans-serif>101</FONT>&nbsp;</A></TD></TR>

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   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671488"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 10: Additional Information</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671488"><FONT size=2 face=Arial,Helvetica,sans-serif>103</FONT>&nbsp;</A></TD></TR>

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   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671489"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 11: Quantitative and Qualitative Disclosures about Market Risk</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671489"><FONT size=2 face=Arial,Helvetica,sans-serif>117</FONT>&nbsp;</A></TD></TR>

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   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671490"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 12: Description of Securities Other than Equity Securities</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671490"><FONT size=2 face=Arial,Helvetica,sans-serif>122</FONT>&nbsp;</A></TD></TR>

<TR vAlign=bottom>

   <TD align=left>
   <A href="#page_127"><FONT size=2 face=Arial,Helvetica,sans-serif>PART II</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#page_127"><FONT size=2 face=Arial,Helvetica,sans-serif>125</FONT>&nbsp;</A></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671492"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 13: Defaults, Dividend Arrearages and Delinquencies</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671492"><FONT size=2 face=Arial,Helvetica,sans-serif>124</FONT>&nbsp;</A></TD></TR>

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   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671493"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 14: Material Modifications to the Rights of Security Holders and Use of Proceeds</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671493"><FONT size=2 face=Arial,Helvetica,sans-serif>124</FONT>&nbsp;</A></TD></TR>

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   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671494"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 15: Controls and Procedures</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671494"><FONT size=2 face=Arial,Helvetica,sans-serif>124</FONT>&nbsp;</A></TD></TR>

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   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671495"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 16A: Audit Committee Financial Expert</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671495"><FONT size=2 face=Arial,Helvetica,sans-serif>125</FONT>&nbsp;</A></TD></TR>

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   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671496"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 16B: Code of Ethics</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671496"><FONT size=2 face=Arial,Helvetica,sans-serif>126</FONT>&nbsp;</A></TD></TR>

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   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671497"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 16C: Principal Accountant Fees and Services</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671497"><FONT size=2 face=Arial,Helvetica,sans-serif>126</FONT>&nbsp;</A></TD></TR>

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   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671498"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 16D: Exemptions from the Listing Standards for Audit Committees</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671498"><FONT size=2 face=Arial,Helvetica,sans-serif>126</FONT>&nbsp;</A></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671499"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 16E: Purchases of Equity Securities by the Issuer and Affiliated Purchasers</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671499"><FONT size=2 face=Arial,Helvetica,sans-serif>126</FONT>&nbsp;</A></TD></TR>

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   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671500"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 16F: Change in Registrant&#8217;s Certifying Accountants</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671500"><FONT size=2 face=Arial,Helvetica,sans-serif>126</FONT>&nbsp;</A></TD></TR>

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   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671501"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 16G: Corporate Governance</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671501"><FONT size=2 face=Arial,Helvetica,sans-serif>127</FONT>&nbsp;</A></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671502"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 16H: Mine Safety Disclosure</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671502"><FONT size=2 face=Arial,Helvetica,sans-serif>130</FONT>&nbsp;</A></TD></TR>

<TR vAlign=bottom>

   <TD align=left>
   <A href="#_Toc417671503"><FONT size=2 face=Arial,Helvetica,sans-serif>PART III</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671503"><FONT size=2 face=Arial,Helvetica,sans-serif>130</FONT>&nbsp;</A></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671504"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 17: Financial Statements</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671504"><FONT size=2 face=Arial,Helvetica,sans-serif>130</FONT>&nbsp;</A></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671505"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 18: Financial Statements</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671505"><FONT size=2 face=Arial,Helvetica,sans-serif>130</FONT>&nbsp;</A></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 35.395pt" align=left>
   <A href="#_Toc417671506"><FONT size=2 face=Arial,Helvetica,sans-serif>ITEM 19: Exhibits</FONT>&nbsp;</A></TD>

   <TD align=right>
   <A href="#_Toc417671506"><FONT size=2 face=Arial,Helvetica,sans-serif>130</FONT>&nbsp;</A></TD></TR></TABLE></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif><A name="_Toc417671476"></A><STRONG>Introduction</STRONG></FONT></P>

<P style="MARGIN: 0cm 7.1pt 0pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In this annual report on Form 20-F, all references to &#8220;we,&#8221; &#8220;us,&#8221; &#8220;Company&#8221; or &#8220;CCU&#8221; are to Compa&#241;&#237;a Cervecer&#237;as Unidas S.A., an open stock corporation (</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>sociedad an&#243;nima abierta</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>) organized under the laws of the Republic of Chile, and its consolidated subsidiaries. Chile is divided into regions, each of which is known by its roman number (e.g. &#8220;Region XI&#8221;). Our fiscal year ends on December 31st. The expression &#8220;last three years&#8217;&#8217; means the years ended December 31, 2013, 2014 and 2015. Unless otherwise specified, all references to &#8220;U.S. dollars&#8221; &#8220;dollars&#8221; &#8220;USD&#8221; or &#8220;US$&#8221; are to United States dollars, and references to &#8220;Chilean pesos&#8221; &#8220;pesos&#8221; &#8220;Ch$&#8221; or &#8220;CLP&#8221; are to Chilean pesos. We prepare our financial statements in accordance with International Financial Reporting Standards (&#8220;IFRS&#8221;) as issued by the International Accounting Standards Board (&#8220;IASB&#8221;). See the notes to our consolidated financial statements included in pages F-1 through F-104 of this annual report. We use the metric system of weights and measures in calculating our operating and other data. The United States equivalent units of the most common metric units used by us are as shown below:</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=FR style="FONT-SIZE: 10pt" face=arial,sans-serif>1 liter = 0.2642 gallons</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=FR style="FONT-SIZE: 10pt" face=arial,sans-serif>1 gallon = 3.7854 liters</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1 liter = 0.008522 US beer barrels</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1 US beer barrel = 117.34 liters</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1 liter = 0.1761 soft drink unit cases (8 oz cans) </FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1 soft drink unit case (8 oz cans) = 5.6775 liters</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1 liter = 0.1174 beer unit cases (12 oz cans). </FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1 beer unit case (12 oz cans) = 8.5163 liters</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1 hectoliter = 100 liters</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1 liter = 0.01 hectoliters</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1 US beer barrel = 31 gallons</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1 gallon = 0.0323 US beer barrels</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT><FONT lang=ES style="FONT-SIZE: 10pt" face=arial,sans-serif>1 hectare = 2.4710 acres</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=ES style="FONT-SIZE: 10pt" face=arial,sans-serif>1 acre = 0.4047 hectares</FONT></P></TD></TR>

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   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1 mile = 1.6093 kilometers</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1 kilometer = 0.6214 miles</FONT></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>i</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif><A name="_Toc417671477"></A><STRONG>Forward Looking Statements</STRONG></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>This annual report contains &#8220;forward-looking statements&#8221; within the meaning of Section 27A of the Securities Act of 1933, as amended, which we refer to as the &#8220;Securities Act,&#8221; and Section 21E of the Securities and Exchange Act of 1934, which we refer to as the &#8220;Exchange Act.&#8221; These statements relate to analyses and other information, which are based on forecasts of future results and estimates of amounts not yet determinable. They also relate to our future prospects, development and business strategies.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>These forward-looking statements are identified by the use of terms and phrases such as &#8220;anticipate;&#8221; &#8220;believes;&#8221; &#8220;could;&#8221; &#8220;expects;&#8221; &#8220;intends;&#8221; &#8220;may;&#8221; &#8220;plans;&#8221; &#8220;predicts;&#8221; &#8220;projects;&#8221; &#8220;will&#8221; and similar terms and phrases. We caution you that actual results could differ materially from those expected by us, depending on the outcome of certain factors, including, without limitation:</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>our success in implementing our investment and capital expenditure program;</FONT></P>

<P style="MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>the nature and extent of future competition in our principal marketing areas;</FONT></P>

<P style="MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>the nature and extent of a global financial disruption and its consequences; </FONT></P>

<P style="MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>political and economic developments in Chile, Argentina and other countries where we currently conduct business or may conduct business in the future, including other Latin American countries; and</FONT></P>

<P style="MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>other factors discussed under &#8220;Item 3: Key Information &#8211; Risk Factors,&#8221; &#8220;Item 4: Information on the Company&#8221; and &#8220;Item 5: Operating and Financial Review and Prospects.&#8221;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this annual report. We undertake no obligation to publically update any of these forward-looking statements to reflect events or circumstances after the date of this annual report, including, without limitation, changes in our business strategy or planned capital expenditures, or to reflect the occurrence of unanticipated events.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt" align=center>ii</P></DIV>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>PART I</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 14pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671478"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 1: Identity of Directors, Senior Management and Advisers</FONT></B></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Not applicable.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 14pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671479"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 2: Offer Statistics and Expected Timetable</FONT></B></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Not applicable. </FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671480"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 3: Key Information</FONT></B></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Selected Financial Data </FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The following table presents selected consolidated financial data as of and for the years ended December 31, 2015, 2014 and 2013 which has been derived from our consolidated financial statements prepared in accordance with IFRS and included elsewhere in this annual report, and as of and for the years ended December 31, 2012 and 2011 which has been derived from our consolidated financial statements prepared in accordance with IFRS and not included in this annual report. The financial data set forth below should be read in conjunction with the consolidated financial statements and related notes </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>and &#8220;Item 5: Operating and Financial Review and Prospects&#8221; included elsewhere in this annual report.</FONT></P>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Year ended December 31,</FONT></U></B></P></TD></TR>

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   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>IFRS</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2011</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2012</FONT></U></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2013</FONT></U></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2014</FONT></U></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2015</FONT></U></B></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Income Statement Data:</FONT></B></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=5 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>(million of CLP) <SUP>(1)</SUP></FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Net sales</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>969,551</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,075,690</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,197,227</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,297,966</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,498,372</FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Gross margin</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>521,689</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>582,603</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>660,530</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>693,429</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>813,296</FONT></P></TD></TR>

<TR style="HEIGHT: 13.5pt">

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Operating Result <SUP>(2)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>192,818</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>181,188</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>188,266</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>179,920</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>204,937</FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Other gains (losses)</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>3,010</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-4,478</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>959</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4,037</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>8,512</FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Net financing expenses</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-7,324</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-9,362</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-15,830</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-10,821</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-15,256</FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Results as per adjustment units</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-6,728</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-5,058</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,802</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-4,159</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-3,283</FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Foreign currency exchange differences</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,079</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,003</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-4,292</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-613</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>958</FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Income taxes</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-45,196</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-37,133</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-34,705</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-46,674</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-50,115</FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Net income for the year:</FONT></B></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>134,802</FONT></B></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>123,977</FONT></B></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>132,905</FONT></B></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>120,792</FONT></B></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>140,526</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Attributable to:</FONT></B></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Equity holders of the Parent Company</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>122,752</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>114,433</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>123,036</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>106,238</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>120,808</FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Non-controlling interests</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>12,051</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>9,544</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>9,869</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>14,553</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>19,717</FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Basic and Diluted Income per share</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>385.40</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>359.28</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>370.81</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>287.52</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>326.95</FONT></P></TD></TR>

<TR style="HEIGHT: 13.5pt">

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Basic and Diluted Income per ADS <SUP>(3)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>770.80</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>718.57</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>741.61</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>575.04</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>653.90</FONT></P></TD></TR>

<TR style="HEIGHT: 13.5pt">

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Dividend per share<SUP> (4)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>192.7</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>179.6</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>166.5</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>161.8</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>163.5</FONT></P></TD></TR>

<TR style="HEIGHT: 13.5pt">

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Dividend per ADS in US$ <SUP>(3)(4)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0.78</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0.76</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0.61</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0.52</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0.47</FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Weighted average shares outstanding (000)</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>318,503</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>318,503</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>331,806</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>369,503</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>369,503</FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=2>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Shares outstanding as of December 31 (000)</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>318,503</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>318,503</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>369,503</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>369,503</FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>369,503</FONT></P></TD></TR></TABLE></DIV>

<P></P>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%">&nbsp;</P></DIV></DIV></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">3</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<a name="_bclHeader7"></a><DIV>

<P style="MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 2.75pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="60%" colSpan=5 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Year ended December 31,</FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>IFRS</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2011</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2012</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2013</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2014</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2015</FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" colSpan=3 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2. Balance Sheet Data:</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="60%" colSpan=5 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>(Million of CLP)</FONT><SUP><FONT style="FONT-SIZE: 7.5pt" face=arial,sans-serif> (1)</FONT></SUP></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Total assets</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,298,365</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,328,710</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,727,720</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,768,901</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,823,357</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Total non-current liabilities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>251,026</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>303,662</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>234,347</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>242,070</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>247,144</FONT></P></TD></TR>

<TR style="HEIGHT: 13.5pt">

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Total Financial debt<SUP> (5)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>258,969</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>263,997</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>263,251</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>199,853</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>180,901</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Capital stock</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>231,020</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>231,020</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>562,693</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>562,693</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>562,693</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" colSpan=2>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Subtotal Equity attributable to equity holders of the parent company</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>568,976</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>613,220</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>988,676</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,025,588</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,057,816</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Total shareholders' equity</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>684,786</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>710,518</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,084,244</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,148,500</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,187,522</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>3. Other Data</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Sales volume (in millions of liters):</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 9.05pt"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Total volume</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,839.7</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,990.9</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2,191.6</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2,289.8</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2,391.0</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Chile Operating segment</FONT><SUP><FONT style="FONT-SIZE: 7.5pt" face=arial,sans-serif>(6)</FONT></SUP></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,260.4</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,384.4</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,557.0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,621.6</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,686.5</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>International Business Operating segment</FONT><SUP><FONT style="FONT-SIZE: 7.5pt" face=arial,sans-serif>(7)</FONT></SUP></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>458.1</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>478.9</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>507.1</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>537.5</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>569.7</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Wine Operating segment </FONT><SUP><FONT style="FONT-SIZE: 7.5pt" face=arial,sans-serif>(8)</FONT></SUP></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>121.2</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>127.6</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>127.4</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>130.6</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>134.8</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1)</FONT><FONT style="FONT-SIZE: 7pt" face="times new roman">&nbsp;</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="95%" colSpan=7>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Except for the number of shares outstanding, per share and per ADS amounts and sales volume.</FONT></P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="5%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(2) </FONT></P></TD>

   <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="95%" colSpan=7>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=justify><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Defined, for management purposes, as earnings before other gains (losses), net financial expenses, equity and income of joint ventures, foreign currency exchange differences, results as per adjustment units and income taxes. Please see &#8220;Item 5: Operating and Financial Review and Prospects&#8212;OPERATING RESULT&#8221; for more details regarding Operating Result and a reconciliation of the most directly applicable IFRS measure to Operating Result.</FONT></P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="5%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(3) </FONT></P></TD>

   <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="95%" colSpan=7>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Per ADS amounts are determined by multiplying per share amounts by 2. As of December 20, 2012, there was an ADR ratio change from 1 ADR to 5 common shares, to a new ratio of 1 ADR to 2 common shares. </FONT></P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="5%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(4) </FONT></P></TD>

   <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="95%" colSpan=7>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Dividends per share are expressed in Chilean pesos as of payment dates, with charge to prior year's net income. Dividends per ADS are expressed in U.S. dollars at the conversion rate in effect on the date on which payment is made.</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="5%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(5) </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="95%" colSpan=7>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Includes short-term and long-term financial debt (mainly bank loans, bonds and financial leasing).</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="5%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(6) </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="95%" colSpan=7>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Includes sales of beer, non-alcoholic beverages and spirits in Chile.</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="5%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(7) </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="95%" colSpan=7>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Includes sales of beer, non-alcoholic beverages and spirits in Argentina, Paraguay and Uruguay.</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="5%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(8) </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="95%" colSpan=7>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Includes domestic and export sales to more than 80 countries. Excludes bulk wine sales.</FONT></P></TD></TR></TABLE><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT></I></B></DIV></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT></I></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Exchange Rates. </FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Prior to 1989, Chilean law permitted the purchase and sale of foreign currency only in those cases explicitly authorized by the Central Bank of Chile. The Central Bank Act, which was enacted in 1989, liberalized the rules that govern the ability to buy and sell foreign currency. Currently, pursuant to the Central Bank Act, the Central Bank of Chile has the authority to mandate that certain purchases and sales of foreign currency specified by law are to be carried out in the formal exchange market. The formal exchange market is formed by banks and other entities authorized by the Central Bank of Chile. All payments and distributions made to our holders of ADSs must be transacted in the formal exchange market.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In order to keep fluctuations in the average exchange rate within certain limits, the Central Bank of Chile has in the past intervened by buying or selling foreign currency on the formal exchange market. In September 1999, the Central Bank of Chile decided to limit its formal commitment to intervene and decided to exercise it only under extraordinary circumstances, which are to be announced in advance. The Central Bank of Chile also committed to provide periodic information about the levels of its international reserves.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The observed exchange rate is the average exchange rate at which commercial banks conduct authorized transactions on a given date, as certified by the Central Bank of Chile. The Central Bank of Chile generally carries out its transactions at the spot market rate. Authorized transactions by banks are now generally conducted at the spot market rate.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Purchases and sales of foreign currencies effectuated outside the formal exchange market are carried out in the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Mercado Cambiario Informal</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> (the informal exchange market). The informal exchange market reflects the supply and demand for foreign currency. There are no limits imposed on the extent to which the rate of exchange in the informal exchange market can fluctuate above or below the observed exchange rate. On April 1, 2016 the U.S. dollar observed exchange rate relating to March 31, 2016 was CLP 669.80 per U.S. dollar.</FONT></P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">4</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The following table sets forth the low, high, average and period-end observed exchange rates for U.S. dollars for each of the indicated periods starting in 2011 as reported by the Central Bank of Chile. The Federal Reserve Bank of New York does not report a noon buying rate for Chilean pesos.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="52%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="48%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Daily Observed Exchange Rate <SUP>(1)</SUP></FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="52%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="48%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>(CLP per USD)</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="52%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Low <SUP>(2)</SUP></FONT></U></B></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>High<SUP> (2)</SUP></FONT></U></B></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Average <SUP>(3)</SUP></FONT></U></B></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Period-end<SUP>(4)</SUP></FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="52%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="52%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2011</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>455.91</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>533.74</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>483.57</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>519.20</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="52%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2012</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>469.65</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>519.69</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>486.58</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>479.96</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="52%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2013</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>466.50</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>533.95</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>495.53</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>524.61</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="52%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2014</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>524.61</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>621.41</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>570.50</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>606.75</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="52%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2015</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>597.10</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>715.66</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>654.79</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>710.16</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="52%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>October 2015</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>673.91</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>695.53</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>684.48</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>690.32</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="52%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>November 2015</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>688.94</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>715.66</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>705.00</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>711.20</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="52%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>December 2015</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>693.72</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>711.52</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>704.39</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>710.16</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="52%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>January 2016</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>710.16</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>730.31</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>721.40</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>710.37</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="52%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>February 2016</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>689.18</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>715.41</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>703.31</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>694.17</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="52%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>March 2016</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>669.80</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>694.82</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>681.02</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>669.80</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="52%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>Source: Bloomberg</FONT></I></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="52%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(1) Historical pesos.</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="76%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(2) Rates shown are the actual low and high, on a day-by-day basis for each period.</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=5>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(3) For yearly data, the average of monthly average rates during the period reported, and for monthly data, the average of daily average rates during the period reported.</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=5>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(4) Published on the first day after month(year) end.</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; BACKGROUND: none transparent scroll repeat 0% 0%; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The exchange rate on April 22</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>, 2016, the latest practicable date, was CLP&nbsp;666.80</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; BACKGROUND: none transparent scroll repeat 0% 0%; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>per U.S. dollar.</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Capitalization and Indebtedness</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Not applicable.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Reasons for the Offer and Use of Proceeds</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Not applicable.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT></B>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">5</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt; TEXT-INDENT: -35.4pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>&nbsp;Risk Factors</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>RISKS RELATING TO
CHILE</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>We are substantially dependent on
economic conditions in Chile, which may adversely impact the results of our
operations and financial condition.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>We are predominantly engaged in
business in Chile. </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>60</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>% of our sales revenues in 2015 was generated from our
Chile Operating segment, </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>27</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>% came from the International Business Operating segment,
which includes Argentina, Paraguay and Uruguay, and </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>13</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>% came from the Wine Operating segment. Thus, the results
of our operations and financial condition are dependent to a large extent on the
overall level of economic activity in Chile. The Chilean economy has experienced
an average annual growth rate of </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>3.8</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>% between 2010 and 2015, and </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>2.1</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>% in 2015. In the past, slower economic growth in Chile
has slowed down the rate of consumption of our products and adversely affected
our profitability. Chile&#8217;s economic performance was affected by the disruption
in the global financial markets in 2009 and catastrophic events such as
earthquakes in the years 2010 and 2015. Therefore growth rates of past periods
cannot be extrapolated to future performance.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Furthermore, Chile, as an emerging
market economy, is more exposed to unfavorable conditions in the international
markets which could have a negative impact on the demand for our products as
well as products of third parties with whom we conduct business. Any combination
of lower consumer confidence, disrupted global capital markets and/or reduced
international economic conditions could have a negative impact on the Chilean
economy and consequently on our business.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The relative liquidity and
volatility of Chilean securities markets may increase the price volatility of
our American Depositary Shares (&#8220;ADSs&#8221;) and adversely impact a holder&#8217;s ability
to sell any shares of our common stock withdrawn from our American Depositary
Receipt (&#8220;ADR&#8221;) facility.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The Chilean securities markets are
substantially smaller, less liquid and more volatile than major securities
markets in the United States. For example, the Santiago Stock Exchange, which is
Chile&#8217;s principal stock exchange, had a market capitalization of approximately
US$ 190.6 billion as of December 31, 2015, while The New York Stock Exchange
(&#8220;NYSE&#8221;) had a market capitalization of approximately US$ </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>24.5</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> trillion and the NASDAQ National Market (&#8220;NASDAQ&#8221;) had a
market capitalization of approximately US$ </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>7.90</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> trillion as of the same date. In addition, the Chilean
securities markets can be materially affected by developments in other emerging
markets, particularly other countries in Latin America.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The lower liquidity and greater
volatility of the Chilean markets relative to markets in the United States could
increase the price volatility of the ADSs and may impair a holder&#8217;s ability to
sell in the Chilean market shares of our common stock withdrawn from the ADR
facility in the amount and at the price and time the holder wishes to do so. See
&#8220;Item 9: The Offer and Listing.&#8221;</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>We are subject to different
corporate disclosure requirements and accounting standards than U.S.
companies.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Although the securities laws of
Chile which govern open stock corporations and publicly listed companies such as
us have as a principal objective promoting disclosure of all material corporate
information to the public, Chilean disclosure requirements differ from those in
the United States in certain important respects. In addition, although Chilean
law imposes restrictions on insider trading and price manipulation, the Chilean
securities market is not as highly regulated and supervised as the U.S.
securities market. We have been subject to the periodic reporting requirements
of the Exchange Act since our initial public offering of ADSs in September
1992.</FONT></P></DIV>
<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">6</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>RISKS RELATING TO
ARGENTINA</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>We have operations in Argentina,
and economic conditions there have adversely affected the results of our
operations in the past and may do so in the future.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>We have significant assets in
Argentina and we have generated significant income from our operations in this
country.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>As demand for alcoholic and
non-alcoholic beverages is usually correlated with economic conditions
prevailing in the local market, which in turn is dependent on the macroeconomic
condition of the country, the financial condition and results of our operations
in Argentina are, to a considerable extent, dependent upon political and
economic conditions prevailing in Argentina. From 1999 through 2002, Argentina
suffered a prolonged recession, which culminated in an economic crisis. Although
the economic situation in Argentina has improved since the economic crisis of
2002, we have been observing a slowdown of the economy, and therefore, cannot
assure you that economic conditions in Argentina will continue to improve or
that our business will not be materially affected if Argentine economic
conditions were to deteriorate.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The Argentine peso is subject to
volatility which could adversely affect our results.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>A devaluation of the Argentine
peso may adversely affect our operating results. In 2015 Argentina experienced
an average devaluation of the Argentine peso versus the dollar of </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>14</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>% year over year. We cannot assure you that the Argentine
economy will recover or that it will not face a recession, nor can we predict
what effect such a recession would have on our operations in Argentina. In 2009,
the Company first reported its financial statements under IFRS, using the
Argentine peso as the functional currency for our Argentine subsidiaries. The
results are calculated in Argentine pesos and then translated into Chilean pesos
for consolidation purposes.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Argentina&#8217;s legal regime and
economy are susceptible to changes that could adversely affect our Argentine
operations.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The measures taken by the previous
Argentine government to address the country&#8217;s economic crisis of 2002 severely
affected the Argentine financial system&#8217;s stability and have had a materially
negative impact on the country&#180;s economy. Recently, the Argentine government
lifted restrictions on foreign exchange transactions for obligations entered
into after December 17, 2015. Restrictions on obligations entered into before
December 17, 2015 will remain in effect until May 2016. If Argentina were to
experience a new fiscal and economic crisis, the Argentine government could
implement economic and political measures, which could adversely impact our
business. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Since January 2006, the Argentine
government has adopted different methods to directly and indirectly regulate the
prices of various consumer goods, including bottled beer, in an effort to slow
inflation. Additionally, measures taken by the previous Argentine government to
control the country&#8217;s trade balance and to limit the access to foreign
currencies have negatively impacted the free import of goods and royalty
payments by the Company, and also the repatriation of profits. This situation
has recently changed following the installation of the new government in
December 2015. We cannot assure you that the current Argentine government will
not implement this type of measures and that these will not have an adverse
effect on our operations in Argentina.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>RISKS RELATING TO OUR
BUSINESS</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Potential changes to Chilean tax
rules may result in an increase in the prices of our products and a
corresponding decline in sales volumes. </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">7</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Changes such as the new Chilean
tax reform (the &#8220;Tax Reform Act&#8221;) that became effective on October 1, 2014, and
implemented a series of changes to the tax rates and tax policies, increasing
among other things the excise tax for alcoholic and sugar-containing beverages
in Chile, forced us to implement price increases for certain categories, leading
to a possible decline in volume. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Furthermore, the Tax Reform Act
establishes two different systems: &#8220;The Partially Integrated System&#8221; and the
&#8220;Attributed Income Regime&#8221;. The "Partially Integrated System" provides for a
gradual increase in the First Category Income tax rate, going from 20% to 21%
for the 2014 business year, to 22.5% for the 2015 business year, to 24% for the
2016 business year, to 25.5% for the 2017 business year&nbsp; and to 27%
starting in the 2018 business year. The Tax Reform Act provides that
corporations will apply by default the "Partially Integrated System", unless a
future Extraordinary Shareholders Meeting agrees to opt for the "Attributed
Income Regime&#8221;. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Implementation of these or similar
future reforms that we are not aware of nor foresee, might adversely affect our
business, our operating result and our financial position. </FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Fluctuations in the cost of our
raw materials may adversely impact our profitability if we are unable to pass
those costs on to our customers.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>We purchase malt, rice and hops
for beer, sugar for soft drinks, grapes for wine, pisco and cocktails, and
packaging material from local producers or in the international market. The
prices of those materials are subject to volatility caused by market conditions,
and have experienced significant fluctuations over time and are determined by
the global supply and demand for commodities as well as other factors, such as
fluctuations in exchange rates, over which we have no control.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Although we historically have been
able to implement price increases in response to increases in raw material
costs, we cannot assure you that our ability to recover increases in the cost of
raw materials will continue in the future. In particular, where raw material
price fluctuations do not keep pace with market conditions in the markets in
which we operate, we may have limited capacity to raise prices to offset
increases in costs. If we are unable to increase prices in response to increases
in raw material costs, any future increases in raw material costs may reduce our
margins and profitability if we are not able to offset such cost increases
through efficiency improvements or other measures.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Consolidation in the beer industry may impact our market
share.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In 2005,
SABMiller Plc merged with Grupo Empresarial Bavaria, a Colombian brewer with
operations in Colombia, Peru, Ecuador and Panama, forming the then
second-largest brewer in the world. In 2010 </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>SABMiller Plc acquired Cervecer&#237;a
Argentina S.A. (&#8220;CASA Isenbeck&#8221;), the third-largest brewer in
Argentina</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>, previously subsidiary of Warsteiner Brauerei Hans Cramer
GmbH &amp; Co. (&#8220;Warsteiner&#8221;).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In March
2004, Companhia de Bebidas das Am&#233;ricas (&#8220;AmBev&#8221;) and Interbrew announced an
agreement to merge, creating the world&#8217;s largest brewer under the name InBev.
Additionally, in January 2007, AmBev assumed control of Quilmes Industrial S.A.
(&#8220;Quilmes&#8221;). In Chile, Quilmes sells its beer through Cervecer&#237;a Chile S.A.
(&#8220;Cervecer&#237;a Chile&#8221;). In November 2008 InBev and Anheuser-Busch Companies, Inc.
(&#8220;Anheuser-Busch&#8221;) merged, creating Anheuser-Busch Inbev (&#8220;AB Inbev&#8221;), the
worldwide leader in beer. In 2013, AB Inbev finalized the acquisition of Grupo
Modelo. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>During
2015 SAB Miller plc accepted an offer from AB Inbev to merge its operations. The
merger has not yet been completed as it is subject to regulatory approvals. With
this we face a major challenge: we are witnessing one of the largest global
mergers in the history of beer and carbonated soft drinks, which will create a
powerful global player, capable of producing and distributing more than 700
million hectoliters per year, with presence in more than 65 countries. We are
monitoring the scope and implications of the possible regulatory restrictions to
this merger in the different countries where SABMiller plc and AB Inbev
currently operate, and possible consequences for our
operations.</FONT></P></DIV>
<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">8</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Competition in the Chilean beer market may erode our
market share and lower our profitability.</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Our largest competitor in the
Chilean beer market by volume is Cervecer&#237;a Chile. In the past, Cervecer&#237;a Chile
has engaged in aggressive pricing. If Cervecer&#237;a Chile were to amplify its
aggressive price discounting practices in the future, we cannot assure, given
the current environment, that any such discounting or other competitive
activities will not have a material adverse impact on our profitability or
market share.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Additionally, if commercial
conditions in the beer market continue to be relatively favorable in Chile, more
enterprises may attempt to enter this market, either by producing beer locally
or through importation. While we expect per capita beer consumption in Chile to
continue to increase, mitigating the effect of competition, the entry into the
market of additional competitors could erode our market share or lead to price
discounting.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Our beer brands in Chile may face
increased competition from other alcoholic beverages such as wine and spirits,
as well as from non-alcoholic beverages, such as carbonated soft
drinks.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Beer consumption in Chile may be
influenced by changes in the relative price of domestic wine, spirits and/or
other non-alcoholic beverages. Increases in domestic wine prices have tended to
lead to increases in beer consumption, while reductions in wine prices have
tended to reduce or slow the growth of beer consumption. As a result of our
lower market share in the Chilean wine, spirits and soft drinks markets as
compared to our market share in the Chilean beer market, we expect that our
consolidated profitability could be adversely affected if beverage consumers
were to shift their consumption from beer to either wine, spirits or
non-alcoholic beverages. </FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Quilmes dominates the beer market
in Argentina and we may not be able to maintain our current market
share.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In Argentina we face competition
from Quilmes and CASA Isenbeck, which as a result of the merger between AB Inbev
and SAB Miller plc, if consummated, would become one player in the Argentine
beer market. As a result of its dominant position in Argentina, Quilmes&#8217; large
size by itself enables it to benefit from economies of scale in the production
and distribution of beer throughout Argentina, a position that would strengthen
as a result of the merger. Therefore, we cannot assure you that we will be able
to grow or maintain our current market share in the Argentine beer
market.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Restrictions in the gas supply
from Argentina and taxes on carbon dioxide emissions could increase our energy
costs, and higher oil prices could increase our distribution
expenses.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In the past, the Argentine
government restricted gas exports to Chile due to domestic supply problems. This
increased the operating cost of our beer plants in Chile and Argentina, and of
our non-alcoholic plants in Chile. As a consequence, the Chilean government
implemented a strategy to diversify the country&#8217;s energy supply. The
construction in Quintero of the first plant to process imported LNG (liquefied
natural gas), which started its operation in August 2009, brought relief to the
energy issue. Taxes on carbon dioxide emissions in Chile will go into effect in
2017, and the cost of these taxes will most likely be passed on to energy
prices. We cannot assure that the supply of energy or the cost thereof will not
experience future fluctuations. Electric power costs have increased
significantly in the past mainly due to hydroelectric plants having lower water
reservoir levels, which was exacerbated by the absence of new installed capacity
at lower costs. Increases in oil prices or unfavorable hydric conditions could
reduce our margins if we are unable to improve efficiencies or increase our
prices to offset them.</FONT></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">9</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Changes in the labor market in the countries in which we
operate may affect margins in our business.</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In
December 2014, the Chilean government presented to the Chilean Congress a bill
for a labor reform which could result in a more rigid labor market. This reform
has been approved by the Chilean Congress but is currently pending resolution by
the Constitutional Court. The main elements of the labor reform are the
following:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 32.15pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Collective
bargaining coverage is expanded to certain employees who were prevented from
exercising this right, such as apprentices, temporary workers and
others.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 32.15pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Unions are
recognized as the only party entitled to exercise the right to collectively
bargain on behalf of the workers.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 32.15pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Benefits
obtained by a union in the course of a negotiation are extended for the benefit
of any worker joining that union after the negotiation has concluded. The
extension of said benefits to employees would be contingent to the assent of
each union.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 32.15pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Collective
bargaining agreements currently in effect would constitute a floor for the
negotiation of new conditions of employment. The financial situation of the
company or business as of the date of discussions for a new agreement would not
have any bearing on ongoing negotiations.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 32.15pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The
employer's right to replace those workers participating in a strike with current
or new employees while the strike is taking place is curtailed.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 32.15pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Modification of the definition of &#8220;minimum services&#8221;
through &#8220;emergency teams&#8221; for which unions are obliged to provide the personnel
required. These minimum services should be of a certain minimum level to prevent
accidents and protect the equipment.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 32.15pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Matters
that may be subject to collective bargaining agreements are expanded, allowing
the negotiation of more flexible workdays, adaptable systems and
others.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 32.15pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Unions may
annually request from large companies information regarding the remunerations
and duties associated with each category of employees.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In
Argentina, the high levels of inflation could affect our salary expenses.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>We depend upon the renewal of
certain license agreements to maintain our current operations.</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Most of our license agreements
include certain conditions that must be met during their term, as well as
provisions for their renewal at their expiry date. We cannot assure that such
conditions will be fulfilled, and therefore that the agreements will remain in
place until their expiration or that they will be renewed, or that any of these
contracts will not undergo early termination. Termination of, or failure to
renew our existing license agreements, could have an adverse impact on our
operations.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Consolidation in the supermarket industry may affect our
operations.</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The Chilean supermarket industry
has gone through a consolidation process, increasing the importance and
purchasing power of a few supermarket chains. As a result, we may not be able to
negotiate favorable prices, which may adversely affect our sales and
profitability. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Additionally, and despite having
insurance coverage, this supermarket chain consolidation has the effect of
increasing our exposure to counterparty credit risk, given the fact that we have
more exposure in the event one of these large customers fails to honor its
payment obligations to us for any reason.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Dependence on a single supplier for some important raw
materials.</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In the case of cans, both in Chile
and Argentina we purchase from a single supplier, Rexam, which has production
plants in both countries. However, cans could also be imported from other Rexam
plants or from alternative suppliers in the region. We have long term contracts
for malt in Chile and in Argentina. We purchase one way polyethylene
terephthalate resins (&#8220;PET&#8221;) from several </FONT><a name="page_14"></a><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>suppliers located in
China, Mexico and US and in the past we have also purchased in Argentina. While
we have alternatives in procuring our supplies, if we were to experience
disruptions in our supply chain we cannot assure you we will be able to obtain
replacement supplies at favorable pricing or advantageous terms, which may
adversely affect our results. </FONT></P></DIV>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Water supply is essential to the
development of our businesses.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Water is an essential component
for beer, soft drinks, mineral and purified water. While we have adopted
policies for the responsible and sustainable use of water, a failure in our
water supply or contamination of our wells could negatively affect our sales and
profitability.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#222222 face=arial,sans-serif>The Chilean Congress
is currently discussing a bill that provides, among others, a new regime of
temporary water rights, which apply to future water rights that are granted. The
bill would also introduce a system of revocation of water rights, for those not
in use. This bill could undergo modifications during its discussion in the
Chilean Congress. After its enactment, regulations will be required for the
implementation of the new regime, which is not expected to occur during the year
2016.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The supply, production and
logistics chain is key to the timely supply of our products to consumer
centers.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Our supply, production and
logistics chain is crucial for the delivery of our products to consumer centers.
An interruption or a significant failure in this chain may negatively affect our
results, if the failure is not quickly resolved. An interruption in the chain
could be caused by various factors, such as strikes, riots, complaints by
communities or other factors which are beyond our control.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>If we are unable to protect our
information systems against data corruption, cyber-based attacks or network
security breaches, our operations could be disrupted.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>We are increasingly dependent on
information technology networks and systems, including the Internet, to process,
transmit and store electronic information. In particular, we depend on our
information technology infrastructure for digital marketing activities and
electronic communications within the Company and with our clients, suppliers and
our subsidiaries. Security breaches of this infrastructure can create system
disruptions, shutdowns or unauthorized disclosure of confidential information.
If we are unable to prevent such breaches, our operations could be disrupted, or
we may suffer financial damage or loss because of lost or misappropriated
information.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Possible regulations for labeling materials and promotion
of alcoholic beverages and other food products in Chile could adversely affect
us.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Currently a bill that modifies law
N&#176; 18,455 is in the third phase of being passed. The bill fixes standards for
production, elaboration and commercialization of ethyl alcohol, alcoholic
beverages and vinegar. The bill aims to establish restrictions on promotion
material, labeling and commercialization of alcoholic beverages including
warnings about the consumption of alcohol on labeling and promotion materials,
restrictions in hours of promotion and prohibition of participation in sports
and cultural events, among others. A regulatory change of this nature will
affect our alcohol beverages portfolio and certain marketing activities.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>On June 26, 2015 decree N&#176; 13 of
the Ministry of Health was published which modifies the Sanitary Food Products
Regulations (DC 977 of the Ministry of Health) and enforces Law N&#176; 20,606 of
2012 regarding the nutritional composition of food products and its promotion.
Both regulations establish certain restrictions on promotion material, labeling,
and commercialization of these products that have been classified as being
&#8220;high&#8221; in calories or any of the defined critical nutrients, such as sodium,
sugar and saturated fats. Additionally on November 13, 2015 Law N&#176; 20,869
regarding the promotion of food products was published, restricting the time of
day promotions for products high in calories or any of the defined critical
nutrient can be aired on television and in the cinema. </FONT></P></DIV>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>This law will become effective as of June 27, 2016 and will affect a portion of our non-alcoholic portfolio. We are taking measures to mitigate the impact of this new law, though we cannot assure that these measures will be successful.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>If further proposed bills are passed, or other regulations restricting the sale of non-alcoholic beverages or sweet snacks are enacted, this could affect consumption of our products and, as a consequence, negatively impact our business.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>New environmental regulations, may negatively affect our profitability and reputation.</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>CCU&#8217;s operations are subject to environmental regulations at local, national and international levels. These regulations cover, among other things, emissions, noise, disposal of solid and liquid wastes, and other activities inherent to our industry In Chile a bill has been approved by the Chilean Congress that establishes a framework for waste management and extended producer responsibility, also known as the recycling law, with the objective of lowering the generation of waste of proprietary products as determined by the bill and fostering recycling of the waste. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>CCU places special care and dedicates constant efforts to the compliance with environmental regulations. Modifications to the existing regulation might involve new costs and investments by the Company. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Our products are taxed with different duties, particularly with respect to excise taxes on the consumption of alcoholic and non-alcoholic beverages.</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The Argentine ad valorem excise tax is 8.7% for beer, and the Chilean ad valorem excise tax is 20.5% for beer and wine, 31.5% for spirits, 18% for non-alcoholic beverages containing more than 15 gr./240ml. of sugar and 10% for non-alcoholic beverages containing 15 gr./240ml. or less of sugar. An increase in the rate of these or any other tax could negatively affect our sales and profitability.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Currency fluctuations may affect our profitability.</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Because we purchase some of our supplies at prices set in U.S. dollars, and export wine in U.S. dollars, Canadian dollars, euros and pounds, we are exposed to foreign exchange risks that may adversely affect our financial condition and the results of our operations. Therefore, any future changes in the value of the Chilean peso against said currencies would affect the revenues of our wine export business, as well as the cost of several of our raw materials, especially in the beer and soft drink businesses where prices of raw materials are indexed to the U.S dollar. The effect of the exchange rate variation on export revenues would have an opposite effect on the cost of raw materials expressed in Chilean peso terms. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Catastrophic events in the markets in which we operate could have a material adverse effect on our financial condition.</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Natural disasters, climate change, terrorism, pandemics, strikes or other catastrophic events could impair our ability to manufacture, distribute or sell our products. Failure to take adequate steps to mitigate the likelihood or potential impact of such events, or to manage such events effectively if they occur, could adversely affect our sales volume, cost of raw materials, earnings and could have a material effect on our business, operational results, and financial position. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In 2015 Chile was affected by several natural disasters, including the large floods and mudflows in several towns of the Antofagasta, Atacama and Coquimbo regions during March 2015, and an 8.4 magnitude earthquake in the northern regions of Chile, followed by a tsunami on September 17, 2015<FONT style="FONT-SIZE: 10pt" face=Arial>.</FONT> These events did not have a significant effect on our operations. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">12</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>A future earthquake, tsunami or
other natural disaster, however, could have a significant effect on our
business, results of operations and financial condition.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>If we are unable to maintain the image and quality of our
products our financial results may suffer.</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The image and quality of our
products is essential for our success and growth. Problems with product quality
could tarnish the reputation of our products and may adversely affect our
revenues.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>If we are unable to finance our
operations we may be adversely affected.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>A global liquidity crisis or an
increase in financial interest rates may eventually limit our ability to obtain
the cash needed to fulfill our commitments. Sales could also be affected by a
global disruption if consumption decreases sharply, placing stress on our cash
position.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>RISKS RELATING TO OUR
ADSs</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>We are controlled by one majority
shareholder, whose interests may differ from those of holders of our ADSs, and
this shareholder may take actions that adversely affect the value of a holder&#8217;s
ADSs or common stock.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>As of March 31, 2016, Inversiones
y Rentas S.A. (&#8220;IRSA&#8221;) a Chilean closed corporation, directly and indirectly
owned 60.0% of our shares of common stock. Accordingly, IRSA has the power to
control the election of most members of our board of directors and its interests
may differ from those of the holders of our ADSs. IRSA also has significant
influence in determining the outcome of any corporate transaction submitted to
our shareholders for approval, including mergers, consolidations, the sale of
all or substantially all of our assets and going-private transactions. In
addition, actions by IRSA with respect to the disposal of the shares of common
stock that it owns, or the perception that such actions may occur, may adversely
affect the trading prices of our ADSs or common stock.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Chilean economic policies,
currency fluctuations, exchange controls and currency devaluations may adversely
affect the price of our ADSs.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The Chilean government&#8217;s economic
policies and any future changes in the value of the Chilean peso relative to the
U.S. dollar could adversely affect the dollar value and the return on any
investment in our ADSs. The Chilean peso has been subject to large nominal
devaluations and appreciations in the past and may be subject to significant
fluctuations in the future. For example, in the period from December 31, 2014 to
December 31, 2015, the daily average value of the Chilean peso relative to the
U.S. dollar increased by </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>15%</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> in nominal terms, whereas the year end value increased by
17% based on the observed exchange rate for U.S. dollars on those dates. See
&#8220;Item 3: Key Information &#8211; Selected Financial Data &#8211; Exchange Rates.&#8221;</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>While our ADSs trade in U.S.
dollars, Chilean trading in the shares of our common stock underlying our ADSs
is conducted in Chilean pesos. Cash distributions to be received by the
depositary for the shares of our common stock underlying our ADSs will be
denominated in Chilean pesos. The depositary will translate any Chilean pesos
received by it to U.S. dollars at the then-prevailing exchange rate with the
purpose of making dividend and other distribution payments on the ADSs. If the
value of the Chilean peso declines relative to the U.S. dollar, the value of our
ADSs and any distributions to holders of our ADSs received from the depositary
may be adversely affected. See &#8220;Item 8: Financial Information &#8211; Dividend Policy
and Dividends.&#8221;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>For example, since our financial
statements are reported in Chilean pesos, a decline in the value of the Chilean
peso against the dollar would reduce our earnings as reported in U.S. dollars.
Any dividend we may pay in the future would be denominated in Chilean pesos. A
decline in the value of the Chilean peso against the U.S. dollar would reduce
the U.S. dollar equivalent of any such dividend. Additionally, in the event of a
dividend or other distribution, if exchange rates fluctuate </FONT><a name="page_17"></a><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>during any period of
time when the ADS depositary cannot convert a foreign currency into dollars, a
holder of our ADSs may lose some of the value of the distribution. Also, since
dividends in Chile are subject to withholding taxes, which we retain until the
following year when the exact amount to be paid is determined, if part of the
retained amount is refunded to the shareholders, the amount received by holders
of our ADSs would be subject to exchange rate fluctuations between the two
dates.</FONT></P></DIV>
<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">13</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Holders of our ADSs may be subject
to certain risks due to the fact that holders of our ADSs do not hold shares of
our common stock directly.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In order to vote at shareholders&#8217;
meetings, if a holder is not registered on the books of the ADS depositary, the
holder of our ADSs is required to transfer their ADSs for a certain number of
days before a shareholders&#8217; meeting into a blocked account established for that
purpose by the ADS depositary. Any ADSs transferred to this blocked account will
not be available for transfer during that time. If a holder of our ADSs is
registered on the books of the ADS depositary, the holder must give instructions
to the ADS depositary not to transfer such holder&#8217;s ADSs during such period
before the shareholders&#8217; meeting. A holder of our ADSs must therefore receive
voting materials from the ADS depositary sufficiently in advance in order to
make these transfers or give these instructions. There can be no guarantee that
a holder of our ADSs will receive voting materials in time to instruct the ADS
depositary on how to vote. It is possible that a holder of our ADSs will not
have the opportunity to exercise a right to vote at all. Additionally, a holder
of our ADSs may not receive copies of all reports from us or the ADS depositary.
A holder of our ADSs may have to arrange with the ADS depositary&#8217;s offices to
inspect any reports issued.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In the past, Chile has imposed
controls on foreign investment and repatriation of investments that affected
investments in, and earnings from, our ADSs.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Equity investments in Chile by
persons who are not Chilean residents have historically been subject to various
exchange control regulations that restrict repatriation of investments and
earnings therefrom. In April 2001, the Central Bank eliminated most of the
regulations that affected foreign investors, although foreign investors still
have to provide the Central Bank with information related to equity investments
and must conduct such operations within the formal exchange market. Additional
Chilean restrictions applicable to holders of our ADSs, the disposition of the
shares underlying them, the repatriation of the proceeds from such disposition
or the payment of dividends may be imposed in the future, and we cannot advise
you as to the duration or impact of such restrictions if imposed. See also &#8220;Item
10: Additional Information, D. Exchange Controls&#8221;.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>If for any reason, including
changes in Chilean law, the depositary for our ADSs were unable to convert
Chilean pesos to U.S. dollars, investors would receive dividends and other
distributions, if any, in Chilean pesos.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The right of a holder of our ADSs
to force us to purchase the underlying shares of our common stock pursuant to
Chilean corporate law upon the occurrence of certain events may be
limited.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In accordance with Chilean laws
and regulations, any shareholder that votes against certain corporate actions or
does not attend the meeting at which certain corporate actions are approved and
communicates to the corporation their dissent in writing within the time period
established by law may exercise a withdrawal right, tender their shares to the
company and receive cash compensation for their shares, provided that the
shareholder exercises their rights within the prescribed time periods. See &#8220;Item
10: Additional Information&#8211;Memorandum and Articles of Association&#8211;Rights,
preferences and restrictions regarding shares.&#8221; In our case, the actions
triggering a right of withdrawal include the approval of:</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 10pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>our
transformation into a different type of legal entity;</FONT></P></DIV>
<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">14</FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_18></A>
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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>
<P style="MARGIN: 0cm 0cm 10pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>our merger
with and/or into another company;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>the
transfer of 50% or more of our corporate assets, whether or not liabilities are
also transferred, to be determined according to the balance sheet of the
previous fiscal year, or the proposal or amendment of any business plan that
contemplates the transfer of assets exceeding said percentage; the disposition
of 50% or more of the corporate assets of a subsidiary, which represents at
least 20% of the assets of the corporation, as well as any disposition of shares
which results in the parent company losing its status as controller;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>the
granting of real or personal guarantees to secure third-party obligations
exceeding 50% of the corporate assets except when the third party is a
subsidiary of the company (in which case approval of the board of directors will
suffice);</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>the
creation of preferences for a series of shares or the increase, extension or
reduction in the already existing ones. In this case, only dissenting
shareholders of the affected series shall have the right to withdraw;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>curing
certain formal defects in our charter which otherwise would render it null and
void or any modification of our bylaws that grant this right; and</FONT></P>
<P style="MARGIN: 0cm 0cm 10pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>other
cases provided for by statute or in our bylaws, if any.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In addition, shareholders may
withdraw if a person becomes the owner of two-thirds or more of the outstanding
shares of the corporation as a consequence of a share acquisition and such
person does not make a tender offer for the remaining shares within 30 days from
the date of such acquisition.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Minority shareholders are also
granted the right to withdraw when the controller acquires more than 95% of the
shares of an open stock corporation. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Our bylaws do not provide for
additional circumstances under which shareholders may withdraw.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Because of the absence of legal
precedent as to whether a shareholder that has voted both for and against a
proposal, such as the depositary of our ADSs, may exercise withdrawal rights
with respect to those shares voted against the proposal, there is doubt as to
whether a holder of ADSs will be able to exercise withdrawal rights either
directly or through the depositary for the shares of our common stock
represented by their ADSs. Accordingly, for a holder of our ADSs to exercise its
appraisal rights, it may be required to surrender its ADRs, withdraw the shares
of our common stock represented by its ADSs, and vote the shares against the
proposal.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Preemptive rights to purchase
additional shares of our common stock may be unavailable to holders of our ADSs
in certain circumstances and, as a result, their ownership interest in our
Company may be diluted.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Ley sobre Sociedades An&#243;nimas N&#176;
18,046 (</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&#8220;Chilean Corporations Act&#8221;) and the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Reglamento de
Sociedades An&#243;nimas</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>, require us, whenever we issue new shares for cash, to
grant preemptive rights to all holders of shares of our common stock, including
shares of our common stock represented by ADSs, giving those holders the right
to purchase a sufficient number of shares to maintain their existing ownership
percentage. We may not be able to offer shares to holders of our ADSs pursuant
to preemptive rights granted to our shareholders in connection with any future
issuance of shares unless a registration statement under the Securities Act is
effective with respect to those rights and shares, or an exemption from the
registration requirements of the Securities Act is available.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>We intend to evaluate at the time of any future offerings of shares of our common stock the costs and potential liabilities associated with any registration statement as well as the indirect benefits to us of enabling U.S. owners of our ADSs to exercise preemptive rights and any other factors that we consider appropriate at the time, before making a decision as to whether to file such a registration statement. We cannot assure you that any such registration statement would be filed.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>To the extent that a holder of our ADSs is unable to exercise their preemptive rights because a registration statement has not been filed, the depositary will attempt to sell the holder&#8217;s preemptive rights and distribute the net proceeds of the sale, net of the depositary&#8217;s fees and expenses, to the holder, provided that a secondary market for those rights exists and a premium can be recognized over the cost of the sale. A secondary market for the sale of preemptive rights can be expected to develop if the subscription price of the shares of our common stock upon exercise of the rights is below the prevailing market price of the shares of our common stock. Nonetheless, we cannot assure you that a secondary market in preemptive rights will develop in connection with any future issuance of shares of our common stock or that if a market develops, a premium can be recognized on their sale. Amounts received in exchange for the sale or assignment of preemptive rights relating to shares of our common stock will be taxable in Chile and the United States. See &#8220;Item 10: Additional Information &#8211;Taxation&#8211; Chilean Tax Considerations &#8211;Capital Gains&#8221; and &#8220;&#8211;United States Federal IncomeTax Considerations&#8211; Taxation of Capital Gains.&#8221; If the rights cannot be sold, they will expire and a holder of our ADSs will not realize any value from the grant of the preemptive rights. In either case, the equity interest of a holder of our ADSs in us will be diluted proportionately.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671481"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 4: Information on the Company</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>A.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>History and Development of the Company </FONT></U></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 13pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>Our current legal and commercial name is Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. We were incorporated in the Republic of Chile in 1902 as an open stock corporation, following the merger of two existing breweries, one of which traces its origins back to 1850, when Mr. Joaqu&#237;n Plagemann founded one of the first breweries in Chile in Valpara&#237;so. By 1916, we owned and operated the largest brewing facilities in Chile. Our operations have also included the production and marketing of soft drinks since the beginning of the last century, the bottling and selling of mineral water products since 1960, the production and marketing of wine since 1994, the production and marketing of beer in Argentina since 1995, the production and marketing of pisco since 2003, the production and marketing of sweet snacks products since 2004 and the production and marketing of rum since 2007.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>We are subject to a full range of governmental regulation and supervision generally applicable to companies engaged in business in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. These regulations include labor laws, social security laws, public health, consumer protection and environmental laws, securities laws, and antitrust laws. In addition, regulations exist to ensure healthy and safe conditions in facilities for the production and distribution of beverages and sweet snacks products.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>Our principal executive offices are located at Vitacura 2670, 23<SUP>rd</SUP> floor, Santiago, Chile. Our telephone number in Santiago is (56-2) 2427-3000, and our website is www.ccu.cl. Our authorized representative in the United States is Puglisi &amp; Associates, located at 850 Library Avenue, Suite 204, Newark, Delaware 19715, USA, telephone number (302) 738-6680 and fax number (302) 738-7210. The information on our website is not incorporated by reference into this document. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>In 1986, IRSA, our current principal shareholder, acquired its controlling interest in us through purchases of common stock at an auction conducted by a receiver who had assumed control of us following the economic crisis in Chile in the early 80&#8217;s, which resulted in our inability to meet our obligations to our creditors. IRSA, at that time, was a joint venture between Qui&#241;enco S.A. </FONT>

<a name="page_20"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>(&#8220;Qui&#241;enco&#8221;) and the Sch&#246;rghuber Group from Germany
through its wholly owned subsidiary Finance Holding International B.V. (&#8220;FHI&#8221;)
of the Netherlands.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>To our
knowledge, none of our common stock is currently owned by governmental entities.
Our common stock is listed and traded on the principal Chilean stock exchanges.
See &#8220;Item 7: Major Shareholders and Related Party Transactions.&#8221;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>In September
1992, we issued 4,520,582 ADSs, each representing five shares of our common
stock, in an international American Depositary Receipt (&#8220;ADR&#8221;) offering. The
underlying ADSs were listed and traded on the NASDAQ, until March 25, 1999.
Since that date, the ADSs have been listed and traded on the NYSE. After a
capital increase approved by our shareholders in October 1996, we raised
approximately US$196 million between December 1996 and April 1999. Part of this
capital expansion was accomplished between December 1996 and January 1997
through our second ADR offering in the international markets. On December 20,
2012, the ratio of ADSs to shares of common stock was changed from 1 to 5, to a
new ratio of 1 to 2. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>On June 18,
2013 the extraordinary shareholders&#8217; meeting approved the issuance of 51,000,000
of ordinary shares which were registered in the Securities Registry of the
Superintendency of Securities and Insurance (&#8220;SVS&#8221;) under N&#176;980 dated July 23,
2013. On November 8, 2013 CCU successfully concluded this capital increase, the
total number of shares issued pursuant to the capital increase having been
subscribed and paid, raising a total amount of CLP 331,718,929,410. This capital
increase, representing our third ADR offering in the international markets, was
made in order to continue our expansion plan, which includes organic and
inorganic growth in Chile and the surrounding region.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>To increase
our presence in the premium beer segment, in November 2000 we acquired a 50%
stake in Cervecer&#237;a Austral S.A. (&#8220;Cervecer&#237;a Austral&#8221;), located in the city of
Punta Arenas, with an annual production capacity of 6.1 million liters. Further,
in May 2002, we acquired a 50% stake in Compa&#241;&#237;a Cervecera Kunstmann S.A.
(&#8220;CCK&#8221;), located in the city of Valdivia. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>On April 17,
2003, the Sch&#246;rghuber Group, at the time an indirect owner of 30.8% of our
ownership interest, gave Qui&#241;enco, also at the time an indirect owner of 30.8%
of our ownership interest, formal notice of its intent to sell 100% of its
interest in FHI to Heineken Americas B.V., a subsidiary of Heineken
International B.V. As a result of the sale, Qui&#241;enco and Heineken Americas B.V.,
the latter through FHI, became the only two shareholders of IRSA, the owner of
61.6% of our equity at that time, each with a 50% interest in IRSA. Heineken
International B.V. and FHI subsequently formed Heineken Chile Ltda., to hold the
latter&#8217;s 50% interest in IRSA. Therefore, Qui&#241;enco and Heineken Chile Ltda. are
the only two current shareholders of IRSA, with a 50% equity each. On December
30, 2003, FHI merged into Heineken Americas B.V., which together with Heineken
International B.V. remained as the only shareholders of Heineken Chile Ltda. At
present IRSA owns, directly and indirectly, 60.0% of our equity.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>Prior to
November 1994, we independently produced, bottled and distributed carbonated and
non-carbonated soft drinks in Chile. We have produced and sold soft drinks in
Chile since 1902 and spirits since 2003. In November 1994, we merged our soft
drink and mineral water businesses with the one owned by Buenos Aires
Embotelladora S.A. (&#8220;BAESA&#8221;) in Chile (PepsiCo&#8217;s bottler in Chile at that time)
creating Embotelladoras Chilenas Unidas S.A. (&#8220;ECUSA&#8221;) for the production,
bottling, distribution and marketing of soft drink and mineral water products in
Chile. Through ECUSA, we began producing PepsiCo brands under license (currently
Pepsi, Pepsi Light, Seven Up, Seven Up Light, Mirinda, Gatorade and Lipton Ice
Tea). We have had control of ECUSA since January 1998, when the shareholders
agreement was amended. On November 29, 1999 we purchased 45% of ECUSA&#8217;s shares
owned by BAESA for approximately CLP 54,118 million. We currently own 99.93% of
ECUSA&#8217;s shares. In January 2001, ECUSA and Schweppes Holdings Ltd. signed an
agreement to continue bottling Crush and Canada Dry brands. See &#8220;&#8211; Production
and Marketing &#8211; Chile Operating segment.&#8221; In December 2015 CCU started to
distribute Red Bull in Chile.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>In October
2013, CCU, together ECUSA, executed a series of contracts and agreements with
PepsiCo Inc. and affiliates, which allowed them to expand their current
relationship in the non-alcoholic beverages segment with specific focus on
carbonated soft drinks, as well as extending its long term duration. The
performance of ECUSA as PepsiCo Inc.&#8217;s bottler has been recognized by the latter
on several occasions including the award granted to ECUSA in Bangkok as Bottler
of the Year for the Latin America Region. In 2014, ECUSA received the
distinction of &#8220;PepsiCo Global Bottler of the Year&#8221; from over 200 bottlers
worldwide. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>In January
2004, we entered the sweet snacks business by means of a joint venture between
our CCU Inversiones S.A. and Industria Nacional de Alimentos S.A, a subsidiary
of Qui&#241;enco, with a 50% interest each in Calaf S.A. (which has been renamed
Foods Compa&#241;&#237;a de Alimentos CCU S.A., or Foods, a corporation that acquired the
trademarks, assets and know-how, among other things, of Calaf S.A.I.C. and
Francisca Calaf S.A., traditional Chilean candy makers, renowned for more than a
century. In August 2008, Foods bought 50% of Alimentos Nutrabien S.A., a company
specializing in muffins and other high quality home-made products under the
brand Nutrabien. In 2007 we acquired the brand Natur, adding cereal bars to our
portfolio. In 2015 we sold the brands Calaf and Natur to Empresas Carozzi S.A.
(&#8220;Carozzi&#8221;), leaving Foods with only the Nutrabien brand.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>In December
2006, we signed a joint venture agreement with Watt&#8217;s S.A. (&#8220;Watt&#8217;s&#8221;), a local
food related company, under which, as of January 30, 2007, we participate in
equal parts in Promarca S.A. (&#8220;Promarca&#8221;). This new company owns, among others,
the brands &#8220;Watt&#8217;s,&#8221; &#8220;Watt&#8217;s Ice Frut,&#8221; &#8220;Yogu Yogu&#8221; and &#8220;Shake a Shake&#8221; in
Chile. Promarca granted both of its shareholders (New Ecusa S.A., a subsidiary
of ECUSA, and Watt&#180;s Dos S.A, a subsidiary of Watt&#180;s S.A), for an indefinite
period, the exclusive licenses for the production and sale of the different
product categories. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>In December
2007, we entered into an agreement with Nestl&#233; Chile S.A. and Nestl&#233; Waters
Chile S.A., the latter of which acquired a 20% interest in our subsidiary Aguas
CCU-Nestl&#233; Chile S.A. (&#8220;Aguas CCU&#8221;), the company through which we develop our
bottled water business in Chile. As part of this new association, Aguas CCU
introduced in 2008 the Nestl&#233; Pure Life brand in Chile. Nestl&#233; Waters Chile S.A.
had a call option to increase its ownership in Aguas CCU by an additional 29.9%,
which expired on June 5, 2009. On June 4, 2009 ECUSA received a notification
from Nestl&#233; Waters Chile S.A. exercising its irrevocable option to buy 29.9% of
Aguas CCU equity, within the scope of the association contract. The completion
of the deal represented a profit before taxes for ECUSA of CLP 24,439 million.
On September 30, 2009 in extraordinary shareholders&#8217; meetings, Aguas CCU and
Nestl&#233; Waters Chile S.A. approved the merger of Nestl&#233; Waters Chile S.A. and
Aguas CCU. The current shareholders of Aguas CCU are ECUSA (50.10%) and Nestl&#233;
Chile S.A. (49.90%).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In December 2012, Aguas CCU
completed an acquisition of 51.01% of the company Manantial S.A. (&#8220;Manantial&#8221;),
a Home and Office Delivery (&#8220;HOD&#8221;) business of purified water in bottles with
the use of dispensers. The partnership enabled Aguas CCU to participate in a new
business category. The shareholders agreement of Manantial included a call
option to purchase the remaining shares. On January 29, 2016 Aguas CCU and ECUSA
exercised the call option, acquiring 48.07% and 0.92% of the shares of Manantial
respectively. As a consequence, Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. is currently
the indirect owner of 100% of the shares of Manantial, remaining as the only
direct shareholders of Manantial: (i) Aguas CCU with 99.08% of the capital
stock, and (ii) ECUSA with 0.92% of the capital stock.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>In February
2003, we began the sale of a new product for our beverage portfolio, pisco,
under the brand Ruta Norte. Pisco is a grape spirit very popular in Chile that
is produced in the northern part of the country. Our pisco, at that time, was
only produced in the Elqui Valley in Region IV of Chile and was sold throughout
the country by our beer division sales force. In March 2005, we entered into an
association with the second-largest pisco producer at that time, Cooperativa
Agr&#237;cola Control Pisquero de Elqui y Limar&#237; Ltda. (&#8220;Control&#8221;). This new joint
venture was named Compa&#241;&#237;a Pisquera de Chile S.A. (&#8220;CPCh&#8221;), to which the
companies contributed principally with assets, commercial brands and &#8211; in the
case of Control &#8211; also some financial liabilities. Currently we own 80% of CPCh
and Control owns the remaining 20%. In May 2007, CPCh entered the rum market
</FONT><a name="page_22"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>with our proprietary brand Sierra Morena and later, in
2008, added new rum brand extensions and introduced various pisco based
cocktails. Since 2011, our international strategy has focused on exports to
Argentina, the United States and Asia, including Russia. CPCh signed a licence
agreement for the commercialization and distribution in Chile of the pisco brand
Bauz&#225;. In addition, CPCh acquired 49% of the licensor company Compa&#241;&#237;a Pisquera
Bauz&#225; S.A. (&#8220;Bauza&#8221;), owner of the brand in Chile. In January 2016, CPCh sold
its interest in Bauz&#225; to Agroproductos Bauz&#225; S.A. Furthermore, during 2011 CPCh
began the distribution of Pernod Ricard products in Chile.</FONT></P></DIV>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>In December
1995, we entered into a joint venture agreement pursuant to which Anheuser-Busch
Incorporated acquired a 4.4% interest in Compa&#241;&#237;a Cervecer&#237;as Unidas Argentina
S.A. (&#8220;CCU Argentina&#8221;). The agreement involved two different contracts: an
investment and a licensing contract. In 2008, the licensing contract was
extended until 2025 and grants CCU Argentina the exclusive right to produce,
package, market, sell and distribute Budweiser beer in Argentina. After
subsequent capital increases, the last one in June 2008, Anheuser-Busch
Incorporated reduced its interest in CCU Argentina to 4.04% and we increased our
participation to 95.96%. In December 2010, our subsidiary Inversiones Invex CCU
Ltda. acquired a 4.04% equity stake in CCU Argentina from Anheuser-Busch
Investment, S.L. After the acquisition, CCU, through its subsidiary Inversiones
Invex CCU Ltda., became the sole equity holder of CCU Argentina. This
transaction had no effect on the Budweiser brand production and distribution
contract which expires in 2025 (in 2015 for the distribution of the brand in
Chile). Currently, CCU&#180;s subsidiaries Inversiones Invex CCU Ltda. and
Inversiones Invex CCU Dos Ltda. own 80.649% and 19.351%, respectively, of CCU
Argentina&#180;s share capital.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.45pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Through CCU Argentina, we began
our expansion into Argentina by acquiring an interest in two Argentine
breweries: 62.7% of the outstanding shares of Compa&#241;&#237;a Industrial Cervecera S.A.
(&#8220;CICSA&#8221;), were acquired during January and February 1995 and 98.8% of the
outstanding shares of Cervecer&#237;a Santa Fe S.A. (&#8220;CSF&#8221;), were acquired in
September 1995. In 1997, CCU Argentina increased its interest in CICSA to 97.2%
and in CSF to 99.9% through the purchase of non-controlling interests. In
January 1998, we decided to merge these two breweries into one company operating
under the name of CICSA. Following the merger, CCU Argentina&#8217;s interest in CICSA
was 99.2%. In April 1998, CCU Argentina completed the purchase of the brands and
assets of Cervecer&#237;a C&#243;rdoba S.A. for US$8 million. After the resolution of
certain labor issues, we began the production of the C&#243;rdoba brand at our Santa
Fe plant from the middle of 1998. In April 2008, we bought the Argentine brewer
Inversora Cervecera S.A. (&#8220;ICSA&#8221;) after receiving the approval of the Argentine
antitrust authorities. CICSA paid an aggregate amount of US$88 million to
acquire ICSA. ICSA owns, among other assets, the Bieckert, Palermo and Imperial
beer brands, which together represented approximately 5.8% of the Argentine beer
market, and a brewery in Luj&#225;n, Buenos Aires, with a nominal production capacity
of 270 million liters per year. On December 27, 2010, CICSA acquired equity
interests in Sa&#233;nz Briones S.A. and Sidra La Victoria S.A. Through this
transaction, CICSA became the controlling shareholder of these companies. These
companies own the assets used in the production, packaging and marketing of
cider and other spirits businesses in Argentina, which are marketed through
several brands, including Sidra Real and Sidra La Victoria. In 2011, we started
to export Schneider beer to Paraguay through Bebidas del Paraguay S.A (&#8220;Bebidas
del Paraguay&#8221;), and in 2013 to Uruguay through Milotur S.A. (&#8220;Milotur&#8221;). In 2012
we signed an agreement by virtue of which we have the exclusive right to produce
Heineken beer in Argentina and distribute it in Paraguay. In 2013 we started
exporting Heineken to Uruguay through Milotur and in 2015 to Bolivia through
Bebidas Bolivianas BBO S.A. (&#8220;BBO&#8221;). Together, both brands represented 2.0% of
the total beer sales volume of CCU Argentina in 2015. Exports to Paraguay,
Uruguay and Bolivia represented 84% of CCU Argentina&#8217;s total exports in 2015. As
of June 6, 2014, CICSA reached agreements with Cervecer&#237;a Modelo S. de R.L. de
CV. and Anheuser-Busch LLC, for the termination of the contract which allows
CICSA to import and distribute on an exclusive basis, Corona and Negra Modelo
beers in Argentina, and the license for the production and distribution of
Budweiser beer in Uruguay. CICSA received compensation in respect of these
agreements in the amount of ARS 277.2 million, equivalent to US$34.2
million.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In September 2012, CCU acquired
100% of the shares of the Uruguayan companies Milotur S.A., Marzurel S.A. and
Coralina S.A. and, indirectly, of Andrimar S.A., a wholly-owned subsidiary of
Milotur S.A. These companies own the assets of a business developed in Uruguay
that engages in the production and marketing of bottled mineral waters under the
Nativa brand, and carbonated soft drinks under the Nix brand. This acquisition
is in line with the Company&#8217;s strategic plan, which seeks to expand its
activities into new markets. Milotur, our afilliate in Uruguay, also
commercializes Schneider and Heineken beer brands, the latter due to an
amendment to the trademark license agreement in force with Heineken Brouwerijen
B.V.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In December 2013, CCU acquired
50.005% of Bebidas del Paraguay, and 49.959% of Distribuidora del Paraguay S.A.,
entering the Paraguayan market with the production, marketing and sale of
non-alcoholic beverages, such as soft drinks, juices and water, and import,
marketing and sale of beer, under various brands, both proprietary and under
licensees and imported.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In 1994 we purchased 48.4% of the
equity of the Chilean wine producer Vi&#241;a San Pedro S.A. (&#8220;VSP&#8221;, today &#8220;VSPT&#8221; as
described below) for approximately CLP 17,470 million. During the first half of
1995, VSPT&#8217;s capital was increased by approximately CLP 14,599 million, of which
we contributed approximately CLP 7,953 million. From August through October
1997, VSPT&#8217;s capital was increased again by approximately CLP 11,872 million, of
which we contributed approximately CLP 6,617 million, plus approximately CLP 191
million in additional shares bought during October 1997 in the local stock
market. Furthermore, in October 1998 and during 1999, we purchased additional
shares in VSPT through the local stock exchanges for an amount of approximately
CLP 5,526 million. From March through June 1999, VSPT&#8217;s capital was increased by
approximately CLP 17,464 million, of which we contributed approximately CLP
10,797 million. During 2000, VSPT, through its subsidiary Finca La Celia S.A.
(&#8220;FLC&#8221;), acquired the winery Finca La Celia in Mendoza, Argentina, initiating
its international expansion, allowing VSPT to include fine quality Argentine
wines into its export product portfolio. In December 2001, Vi&#241;a Santa Helena
(&#8220;VSH&#8221;) created its own commercial and productive winemaking operation, distinct
from its parent, VSPT, under the Vi&#241;a Santa Helena label in the Colchagua
Valley. Between November 2000 and March 2001, VSPT&#8217;s capital was increased by
approximately CLP 22,279 million, of which we contributed approximately CLP
13,402 million. In August 2003, VSPT formed Vi&#241;a Tabal&#237; S.A., a joint venture in
equal parts with Sociedad Agr&#237;cola y Ganadera R&#237;o Negro Ltda., for the
production of premium wines. This winery is located in the Limar&#237; Valley,
Chile&#8217;s northernmost winemaking region, which is noted for the production of
outstanding wines. In October 2004, VSPT acquired the well-known Manquehuito Pop
Wine brand, a sparkling fruit-flavored wine with low alcohol content, broadening
its range of products. At VSPT&#8217;s extraordinary shareholders meeting held on July
7, 2005, the shareholders voted to increase the number of board members from 7
to 9 and approved a capital increase that was to be partially used for stock
option programs. During October and November 2005, VSPT&#8217;s capital was increased
by approximately CLP 346 million. We did not participate in this capital
increase. Vi&#241;a Misiones de Rengo S.A. and Vi&#241;a Urmeneta S.A. merged into Vi&#241;a
Valles de Chile S.A., of which the latter is the legal successor, with effect as
of June 2013 and &nbsp;in May 2014 Vitivin&#237;cola del Maipo S.A merged&nbsp; into
Vi&#241;as Org&#225;nicas S.A., the latter being the legal successor. Additionally, in
April 2015 Vi&#241;a Santa Helena S.A. merged into Vi&#241;a San Pedro Tarapac&#225; S.A.,
pursuant to the Chilean Corporations Act, due to the fact that Vi&#241;a San Pedro
Tarapac&#225; S.A. became the sole shareholder of the company for more than 10
days.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>In January
2007, Vi&#241;a Tabal&#237; S.A. bought the assets of Vi&#241;a Leyda, located in the Leyda
Valley, a new winemaking region south of Casablanca Valley and close to the
Pacific Ocean. Vi&#241;a Leyda produces excellent wines that have won awards in
different international contests. After this acquisition, Vi&#241;a Tabal&#237; S.A.
changed its name to Vi&#241;a Valles de Chile S.A. In September 2007, VSPT bought a
50% interest in Vi&#241;a Alta&#239;r S.A. which belonged to Ch&#226;teau Dassault, in line
with our strategy of focusing on premium wines. As a consequence, VSPT owns 100%
of said company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>Between April
and June 2007, VSPT&#8217;s capital was increased by approximately CLP 13,692 million,
of which we contributed approximately CLP 5,311 million. On November 2008, CCU
and its affiliate VSP entered into a Merger Agreement with Compa&#241;&#237;a Chilena de
F&#243;sforos and its subsidiaries
</FONT><a name="page_24"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>Terciados y Elaboraci&#243;n de Maderas S.A. and Vi&#241;a Tarapac&#225;
S.A. (&#8220;VT&#8221;), in order to merge VT into VSP. Under the terms of the Merger
Agreement, and prior to its execution, CCU had to acquire 25% of VT&#8217;s equity. On
December 3, 2008, the extraordinary shareholders&#8217; meetings of VSP and VT
approved the merger of both companies. Once all the legal requirements were
fulfilled, the merger by absorption of VT by VSP was completed on December 9,
2008, with an effective date for accounting purposes of October 1, 2008. The
merged company was named &#8220;Vi&#241;a San Pedro Tarapac&#225; S.A.&#8221; (VSPT), which began
consolidating its financial statements with ours starting on October 1, 2008,
with operations commencing on December 9, 2008. VSPT&#8217;s capital was increased, as
a consequence of the merger, by issuing 15,987,878,653 shares to be exchanged
for the total number of shares issued by Vi&#241;a Tarapac&#225; at a ratio of 1,480.30828
new VSPT shares per each share of the absorbed company. </FONT></P></DIV>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>In August
2011, the board of directors of VSPT agreed to spin-off Vi&#241;a Valles de Chile
S.A. (VDC), a corporation owned, in equal parts, by VSPT and Agr&#237;cola y Ganadero
R&#237;o Negro Limitada (ARN). VDC had two major vineyards: Vi&#241;a Tabal&#237; and Vi&#241;a
Leyda. According to such agreement, VSPT would remain the 100% owner of Vi&#241;a
Leyda (whose net assets would remain within VDC) and ARN would remain the 100%
owner of Vi&#241;a Tabal&#237; (whose net assets would be assigned to the spun off
company). This transaction concluded on December 29, 2011, through a stock swap
contract, whereby VDC became a subsidiary of VSPT that is, directly and
indirectly, 100% owned by VSPT. Furthermore, in 2013, CCU, through its
subsidiary CCU Inversiones S.A., increased its stake in VSPT to 64.72% by
acquiring an additional stake of the outstanding shares of VSPT. As of December
2014, our total ownership interest in VSPT was 64.72%. </FONT><FONT lang=ES-CL style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>VSPT is
formed by the wineries San Pedro, Tarapac&#225;, Santa Helena, Misiones de Rengo,
Alta&#239;r, Vi&#241;a Mar, Casa Rivas, FLC, Bodega Tamar&#237;, and Vi&#241;a Valles de Chile (Vi&#241;a
Leyda). </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>These are all important and renowned cellars in Chile and
Argentina, each with its own distinctive brands. Since the merger, VSPT has
become the second-largest Chilean wine exporter and one of the leaders in the
domestic market. Furthermore, VSPT&#8217;s Vi&#241;a San Pedro Tarapac&#225; winery was awarded
the &#8220;Winery of the Year 2014&#8221; distinction by Wines of Chile, as well as &#8220;Ethical
Company of the Year&#8221; by Drinks Business Magazine. 2015 was a very special year
for VSPT with the celebration of the 150<SUP>th</SUP> Anniversary of Vi&#241;a San
Pedro, the oldest that gave birth to the group.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>On April 3, 2013, Andr&#243;nico Luksic
assumed the role of Chairman of the Board, after his brother, Guillermo Luksic
passed away. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>On June 18,
2013 the extraordinary shareholders&#8217; meeting approved the issuance of 51,000,000
of ordinary shares which were registered in the Securities Registry of the
Superintendency of Securities and Insurance (&#8220;SVS&#8221;) under N&#176;980 dated July 23,
2013. On November 8, 2013 CCU successfully concluded this capital increase, the
total number of shares issued pursuant to the capital increase having been
subscribed and paid, raising a total amount of CLP 331,718,929,410. This capital
increase, representing our third ADR offering in the international markets, was
made in order to continue our expansion plan, which includes organic and
inorganic growth in Chile and the surrounding region.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In May 2014, CCU entered into a
partnership through which it participates in the business of Bebidas Bolivianas
BBO S.A. (&#8220;BBO&#8221;), which involves the production, marketing and multi-category
sales of alcoholic beverages and soft drinks in Bolivia. CCU's initial stake in
BBO is 34%, which was obtained by a capital injection, and which contemplates
the right of CCU to acquire additional interests that would enable it to own 51%
of the shares of BBO in a second stage. This transaction also includes contracts
that will allow BBO to operate CCU&#8217;s brands in Bolivia. The Company has recorded
this investment as joint venture and associates.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In November 2014, CCU, directly
and through its subsidiary CCU Inversiones II Ltda., signed a series of
contracts and agreements with the Colombian entity Postob&#243;n S.A. (&#8220;Postob&#243;n&#8221;),
by which we have agreed to initiate a joint venture for the manufacturing,
commercialization and distribution of beer and malt based non-alcoholic
beverages in Colombia. The joint venture is established through a company named
Central Cervecera de Colombia S.A.S (&#8220;Central Cervecera de </FONT>
<FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>Colombia&#8221;), in which CCU and Postob&#243;n participate as equal shareholders. This transaction included the following contracts and agreements: an Investment Framework Agreement, a Shareholders Agreement, a long-term logistics and distribution contract and a sales contract governing services to be provided by Postob&#243;n to the Central Cervecera de Colombia, a trademark license agreements granted to Central Cervecera de Colombia by CCU and Postob&#243;n, a shared services agreement governing services to be provided by Postob&#243;n to Central Cervecera de Colombia S.A.S, and an exclusive license granted by Heineken to Central Cervecera de Colombia S.A.S for the import, production and distribution of Heineken products in Colombia. Central Cervecera de Colombia is accounted for as a Joint venture and associates. </FONT></P></DIV>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>In November 2015, ECUSA entered into a joint operation agreement with Carozzi for the production, commercialization, and distribution of instant powder drinks under the brands Sprim, Fructus, Vivo and Caricia. This joint operation will be carried out by Bebidas Carozzi CCU SpA (&#8220;Bebidas Carozzi CCU&#8221;), of which ECUSA acquired 50% of the share capital. Carozzi will be in charge of the production of the respective products, and ECUSA will be in charge of its distribution.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>CCU has launched its Strategic Plan 2016-2018, which is based on two pillars: Growth and Efficiencies, with a focus on our core categories beer and non-alcoholic beverages. We have proposed ourselves to grow profitably in all our categories and businesses, and at the same time we will seek efficiencies with determination, by executing our &#8220;ExCCelencia CCU&#8221; Program. </FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT style="BACKGROUND: white; FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>CAP</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>ITAL EXPENDITURES</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>The capital expenditure figures for the last three years shown below reconcile to the Cash Flow statement as shown in the Consolidated Statements of Cash Flows.</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>Our capital expenditures for the last three years were CLP 124,559 million, CLP </FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>230,080 million and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>CLP 131,731 million, respectively totaling CLP </FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>486,370</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif> million of which CLP </FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>228,639</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif> million was invested in the Chile Operating segment, CLP </FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>91,132</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif> million in the International Business Operating segment, CLP </FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>27,579</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif> million in the Wine Operating segment and CLP </FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>139,020</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif> million in the Others Operating segment.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>In recent years, our capital expenditures were made primarily for the expansion of our production capacities and bottling, improving the distribution chain, additional returnable bottles and boxes, marketing assets (mainly refrigerators), environmental improvements and the integration of new operations, among others.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>During 2013 we invested 57% of our capital expenditures in our Chile Operating segment. These investments were required to support the increased sales volume experienced during 2012 and 2013. 22% of our capital expenditures were directed to increasing bottling capacity, new packaging, and marketing assets. It was also necessary to invest in the construction of new warehouses and stores throughout Chile in order to optimize the distribution of our products.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>During 2014, </FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>37</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>% of our capital expenditure was in our Chile Operating segment. These investments were required to increase marketing assets, bottling capacity and new packaging, mostly in our soft drink and beer categories. Furthermore, we acquired an industrial site in the Santiago metropolitan area for future capacity expansions (shown under Others).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>During 2015, </FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>55</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>% of our capital expenditure was in our Chile Operating segment. These investments were required to support the increased sales volume of our categories experienced in 2014, with investments related to increasing bottling capacity, new packaging, and marketing assets. We also needed to invest in building new warehouses and stores throughout Chile in order to optimize the distribution of our products. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>Our major capital expenditures for the period 2013-2015 are shown in the following table. See &#8220;Item 5: Operating and Financial Review and Prospects &#8211;Liquidity and Capital Resources &#8211; Capital Expenditures&#8221; for the 2016-2019 period.</FONT></P>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><B><I><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Operating segment</FONT></U></I></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><B><I><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2013</FONT></U></I></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><B><I><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2014</FONT></U></I></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><B><I><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2015</FONT></U></I></B></P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; PADDING-TOP: 0cm" vAlign=top width="52%" colSpan=2><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><FONT color=#000000></FONT></P>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; PADDING-TOP: 0cm" vAlign=top width="48%" colSpan=3>

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(CLP Millions)</FONT></P></TD></TR>

<TR style="HEIGHT: 12.65pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.65pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Chile</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT></I></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>70,441</FONT></I></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>85,905</FONT></I></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>72,293</FONT></I></B></P></TD></TR>

<TR style="HEIGHT: 13.3pt">

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; BACKGROUND: white; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>As a percentage of Total</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>56.6%</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>37.3%</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>54.9%</FONT></I></P></TD></TR>

<TR style="HEIGHT: 13.3pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Machinery and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>48,631</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>50,730</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>37,694</FONT></P></TD></TR>

<TR style="HEIGHT: 12.65pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Packaging</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>12,611</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>15,987</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>10,256</FONT></P></TD></TR>

<TR style="HEIGHT: 12.65pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Marketing assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>8,317</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>11,253</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>11,587</FONT></P></TD></TR>

<TR style="HEIGHT: 12.65pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Software and hardware</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>49</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>256</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>703</FONT></P></TD></TR>

<TR style="HEIGHT: 12.65pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Others</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>833</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,679</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>12,052</FONT></P></TD></TR>

<TR style="HEIGHT: 12.65pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.65pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="52%" colSpan=2>

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>International Business</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>29,779</FONT></I></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>33,481</FONT></I></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>27,872</FONT></I></B></P></TD></TR>

<TR style="HEIGHT: 13.3pt">

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; BACKGROUND: white; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>As a percentage of Total</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>23.9%</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>14.6%</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>21.2%</FONT></I></P></TD></TR>

<TR style="HEIGHT: 13.3pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Machinery and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>14,632</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>11,476</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>10,509</FONT></P></TD></TR>

<TR style="HEIGHT: 12.65pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Packaging</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>11,438</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>14,070</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>9,114</FONT></P></TD></TR>

<TR style="HEIGHT: 12.65pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Marketing assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2,617</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,122</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3,987</FONT></P></TD></TR>

<TR style="HEIGHT: 12.65pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Software and hardware</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>441</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>512</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>950</FONT></P></TD></TR>

<TR style="HEIGHT: 12.65pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Others</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>650</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,301</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3,312</FONT></P></TD></TR>

<TR style="HEIGHT: 12.65pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; BACKGROUND: white; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.65pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Wine</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT></I></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>4,840</FONT></I></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>12,686</FONT></I></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>10,053</FONT></I></B></P></TD></TR>

<TR style="HEIGHT: 13.3pt">

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; BACKGROUND: white; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>As a percentage of Total</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3.9%</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5.5%</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7.6%</FONT></I></P></TD></TR>

<TR style="HEIGHT: 13.3pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Machinery and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,735</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4,139</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5,331</FONT></P></TD></TR>

<TR style="HEIGHT: 12.65pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Packaging</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,360</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,483</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,292</FONT></P></TD></TR>

<TR style="HEIGHT: 12.65pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Marketing assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>15</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>36</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>25</FONT></P></TD></TR>

<TR style="HEIGHT: 12.65pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Software and hardware</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>63</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>114</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>134</FONT></P></TD></TR>

<TR style="HEIGHT: 12.65pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Others</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,668</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,914</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3,271</FONT></P></TD></TR>

<TR style="HEIGHT: 12.65pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.65pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Others</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT></I></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>19,498</FONT></I></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>98,008</FONT></I></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 12.65pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>21,514</FONT></I></B></P></TD></TR>

<TR style="HEIGHT: 13.3pt">

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; BACKGROUND: white; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>As a percentage of Total</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>15.7%</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>42.6%</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>16.3%</FONT></I></P></TD></TR>

<TR style="HEIGHT: 14.1pt">

   <TD style="BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 14.1pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 14.1pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 14.1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 14.1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 14.1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13.3pt">

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total</FONT></I></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="35%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=right><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>124,559</FONT></I></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>230,080</FONT></I></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; HEIGHT: 13.3pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt" align=center><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>131,731</FONT></I></B></P></TD></TR></TABLE></DIV>

<P style="LINE-HEIGHT: 115%; MARGIN: 0cm 0cm 10pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0cm; MARGIN: 0cm"><B><U><FONT style="FONT-SIZE: 13pt" lang=EN-US face=Arial,sans-serif>Business Overview</FONT></U></B></P>

<P style="TEXT-ALIGN: justify; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Summary </FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>CCU is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. CCU is the largest Chilean brewer, the second-largest Chilean soft drinks producer and the largest Chilean water and nectar producer, the second-largest Argentine brewer, the second-largest Chilean wine producer and the largest pisco distributor. It also participates in the HOD, rum and confectionery industries in Chile, in the beer, water and soft drinks industries in Uruguay, and in the soft drinks, water and nectar industries and beer distribution in Paraguay and Bolivia. The Company has licensing and / or distribution agreements with Heineken Brouwerijen B.V., Anheuser-Busch Incorporated, PepsiCo Inc., Schweppes Holdings Limited, Guinness Overseas Limited, Soci&#233;t&#233; des Produits Nestl&#233; S.A., Pernod Ricard and Coors Brewing Company.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>CCU reports its consolidated results pursuant to the following Operating segments, essentially defined with respect to its revenues in the geographic areas of commercial activity: Chile, International Business and Wine. Corporate revenues and expenses are presented separately within the Other Operating segment. These Operating segments mentioned are consistent with the way the Company </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>is managed and how results will be reported by CCU. These segments reflect separate operating results which are regularly reviewed by each segment Chief Operating Decision Maker in order to make decisions about the resources to be allocated to the segment and assess its performance.</FONT></P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">23</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In 2015 the Committee of International Business was created, which brought together management of the business activities regarding the geographical areas Argentina, Uruguay and Paraguay. Following this, the R&#237;o de la Plata Operating segment (consisting of the business activities referred to) was renamed into the International Business Operating segment. The Committee of International Business also represents and looks after the interests associated with the investments in Bolivia and Colombia, which continue to report their results under Equity and income of JVs and associated on a consolidated basis.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>We evaluate the performance of the segments based on several indicators, including OR (Operating Result), ORBDA (Operating Result Before Depreciation and Amortization), ORBDA margin (% of ORBDA of total revenues for the segment), volumes and sales revenues. Sales between segments are conducted using terms and conditions at current market rates.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Overview.</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Chile Operating segment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>We estimate that our weighted volume market share for the Chile Operating segment was approximately 40.0%, 40.8% and 41.5% in 2013, 2014 and 2015 respectively. Weighted volume market share includes all categories in which CCU participates excluding wines and HOD, according to Nielsen figures.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>We carry a wide portfolio of products which includes premium, mainstream and convenience brands of alcoholic and non-alcoholic beer, which are primarily marketed under ten different proprietary brands and five licensed brands, with Cristal as our flagship brand in Chile. In addition, we are the exclusive producer and distributor of Heineken beer; the exclusive distributor of imported Sol beer and Budweiser beer (the latter until December 2015) and we distribute and produce Kunstmann and Austral beer in Chile via distribution or license agreements. With our four production plants in Santiago, Temuco, Valdivia (Kunstmann) and Punta Arenas (Austral), we are the only brewery in Chile with a nationwide production and distribution network.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>We also produce and sell non-alcoholic beverages in Chile, which includes carbonated soft drinks (both cola and non-cola), nectars and juices, sports and energy drinks, ice tea and waters (including mineral, purified bottled water and HOD with proprietary and licensed brands across our categories. Our line of soft drink products includes proprietary brands, in addition to brands produced under license from PepsiCo (for soft drinks, functional drinks and iced teas), Schweppes Holdings (for soft drinks) and Promarca (nectars and fruit beverages), which are produced in three production plants: Santiago, Temuco and Antofagasta. We have been in the bottled mineral water business since 1960, under our two proprietary brand names, Cachantun and Porvenir, which are bottled and distributed nationally from our two natural sources located within the central region of Chile (Casablanca and Coinco). We also produce and distribute purified waters under license from Societ&#233; des Produits Nestl&#233; S.A. and others, and distribute the imported brand Perrier. We entered in the ready-to-mix category with instant powder drinks in a joint operation with Carozzi. In the energy drinks business, we are the exclusive distributor of Red Bull energy drinks in Chile.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In 2003, we added a new product to our beverage portfolio: pisco, which is produced by our subsidiary Pisconor S.A. who entered into an association agreement in 2005 with the second-largest pisco producer in Chile, Control, creating a new subsidiary, CPCh. In May 2007, CPCh entered the rum category through our proprietary brand &#8220;Sierra Morena.&#8221; In June 2010 CPCh purchased Fehrenberg, a small, but well-recognized spirits brand produced in Chile. In July 2011 CPCh began the distribution of Pernod Ricard products (Chivas Regal, Ballantine&#8217;s, Havana Club, Beefeater and Absolut among others) through the traditional channel, which excludes supermarkets with centralized distribution. Furthermore, during December 2011, CPCh acquired 49% of Compa&#241;&#237;a Pisquera Bauz&#225; S.A., and </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>signed a license agreement for the commercialization and distribution of the Bauz&#225; brand of pisco in Chile. </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>In January 2016 CPCh sold its interest in Bauz&#225; to Agroproductos Bauz&#225; S.A..</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>We operate five productive plants and own 80% of CPCh, while the remaining 20% is owned by Control. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Wholesale and retail prices of all the previously mentioned categories are not regulated in Chile. Wholesale prices are subject to negotiation between the producer and the purchaser; while retailers determine retail prices to the final consumer. We believe that the key factors determining retailers&#8217; prices include: national and/or local price promotions offered by the manufacturer, the nature of product consumption (on-premises or take-out), the type of packaging (returnable or non-returnable), the applicable tax structure and the desired profit margins considering all related costs and expenditures such as sales, distribution, marketing, G&amp;A and production.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>International Business Operating segment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>We estimate that our weighted volume market share for the International Business Operating segment was approximately 16.9%, 17.1% and 18.2% in 2013, 2014 and 2015, respectively, including Beer and ciders in Argentina according to Nielsen, and CSD and Mineral water in Uruguay according to IDRetail.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>We entered the Argentine beer market in 1995 by acquiring two breweries and their brands, CICSA and CSF. Under a joint venture agreement entered into with Anheuser-Busch in 1995, we began importing, selling and distributing Budweiser beer in Argentina in March 1996. We began production and distribution of locally produced Budweiser beer in Argentina in December 1996. Additionally, in 1998, we bought the brands and assets of Cervecer&#237;a C&#243;rdoba S.A. In April 2008, we bought ICSA and as a result added to our portfolio the brands Palermo, Bieckert and Imperial. In Argentina, we are the exclusive producer and distributor of Heineken, Amstel and Sol beers and the exclusive distributor in Argentina of import Kunstmann and Guinness beer brands. Additionally, we export beer under the Schneider and Heineken brands. We have beer operations located in Salta, Santa Fe and Luj&#225;n.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In December 2010, CICSA, our subsidiary in Argentina, acquired control of S&#225;enz Briones y C<FONT style="FONT-SIZE: 10pt" face=Arial>&#237;</FONT>a. S.A.I.C and Sidra La Victoria S.A., entering the cider and spirits businesses in that country. These two operations are the largest in a very fragmented market and own traditional, well-recognized brands, with operating plants in R&#237;o Negro (Allen) and Buenos Aires (Pilar and Ciudadela). The most important cider and spirits brands are Real, La Victoria, Saenz Briones 1888 and in spirits, El Abuelo. In 2015 the merger by absorption of S&#225;enz Briones and Sidra la Victoria was executed.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In September 2012, CCU acquired 100% of the shares of the Uruguayan companies Milotur S.A., Marzurel S.A. and Coralina S.A., and indirectly Andrimar S.A., a wholly-owned subsidiary of Milotur S.A. These companies own the assets of a business developed in Uruguay engaged in the production and marketing of bottled mineral and flavored waters under the Nativa brand, and carbonated soft drinks under the Nix brand. We also import and distribute Heineken, Schneider and Kunstmann beers. In 2016 we started to produce and distribute Watt&#180;s in Uruguay as well.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>By the end of 2013, CCU </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>acquired 50.005% of Bebidas del Paraguay and 49.959% of Distribuidora del Paraguay S.A. and </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>entered the Paraguayan market with the production, marketing and distribution of alcoholic and non-alcoholic beverages under various brands, both proprietary and under license. Bebidas del Paraguay is the owner of the brands Pulp for carbonated soft drinks, Puro Sol for juices and La Fuente for waters, and has been granted the license to produce and distribute nectars under the Watt&#8217;s brand. Additionally, Bebidas del Paraguay S.A. has the license to distribute beer under the Heineken, Coors, Paulaner, Schneider and Kunstmann brands.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>On June 6, 2014, CICSA reached agreements with Cervecer&#237;a Modelo S. de R.L. de CV. and Anheuser-Busch LLC, for the termination of the contract which allows CICSA to import and distribute on an exclusive basis, Corona and Negra Modelo beers in Argentina, and the license for the production and distribution of Budweiser beer in Uruguay.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Wine Operating segment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Vi&#241;a San Pedro Tarapac&#225; S.A. (VSPT) produces and markets a full range of wine products for the domestic and mainly the export market, reaching over 80 countries. The weighted average volume market share was 17.6%, 18.3% and 17.9% in 2013, 2014 and 2015, respectively. In 2015 VSPT&#8217;s sales amounted to approximately 28.4% of total measured domestic industry sales by volume in Chile, according to Nielsen, and 13.5% of total Chilean wine export sales by volume, when excluding bulk wine, according to Wines of Chile Association. VSPT&#8217;s main vineyards are located in all principal viticulture Chilean valleys, including productive plants in the cities of Lontu&#233;, Molina, Isla de Maipo and also in Mendoza, Argentina. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>We believe that having entered into the Chilean wine business provided us with the opportunity to further leverage our nationwide distribution system through the expansion of our beverage portfolio. We also believe that the development of our domestic wine business helps to reduce the seasonality of our sales, as wine sales in Chile tend to be stronger during winter months when beer and soft drinks consumption decline.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Others </FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Comercial CCU S.A. (&#8220;Comercial CCU&#8221;) is responsible for the sale of all of the Company&#8217;s products through a unique sales force in those areas where this synergic sales model is more efficient. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Additionally, product distribution is handled by our subsidiary Transportes CCU Ltda. (&#8220;TCCU&#8221;). To the south of Coyhaique, sales and distribution are performed by Comercial Patagona S.A. In Argentina, Uruguay and Paraguay these operations are carried out by our own sales force as well as distributors.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Fabrica de Envases Pl&#225;sticos S.A. (&#8220;PLASCO&#8221;), a subsidiary of CCU, produces nearly all of the returnable and non-returnable plastic bottles used by the Chile operating segment.</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Joint Ventures and Associated companies</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" color=windowtext face=Arial,sans-serif>In May 2014, CCU entered the Bolivian market by means of a partnership through which it participates in the business of BBO, which is engaged in the production, marketing and multi-category sales of alcoholic beverages and non-alcoholic beverages in Bolivia. Specifically, it produces soft drinks and beer in three plants located in the cities of Santa Cruz de La Sierra and Nuestra Se&#241;ora de La Paz. Since 2015 BBO has the exclusive license to import, distribute and sell Heineken beer from CICSA.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In November 2014, CCU entered into a series of contracts and agreements with Postob&#243;n, by which the parties agreed to initiate a joint agreement for the manufacturing, commercialization and distribution of beer and malt based non-alcoholic beverages in Colombia. Heineken has granted Central Cervecera de Colombia an exclusive contract for the import, production and distribution of Heineken products in Colombia.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P><FONT style="LINE-HEIGHT: 115%" face="times new roman"></FONT>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The Beverage Market</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Chile Operating segment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>We estimate that annual beer consumption in Chile was 764 million liters in 2015 or approximately 43 liters per capita. The following table shows our estimates for total and per capita consumption levels for beer in Chile for the years 2011 - 2015: </FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Year</FONT></U></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Total Sales Volume <SUP>(1)</SUP></FONT></U></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Per Capita</FONT></U></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>(in millions of liters)</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>(liters)</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2011</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>723</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>41</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2014</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>42</FONT></P></TD></TR>

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   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>764</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="33%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>43</FONT></P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="100%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(1)&nbsp;Source: Canadean, Global Beverage Forecast of March 2016. Figures have been rounded</FONT></P></TD></TR></TABLE></DIV>

<DIV align=left>&nbsp;</DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The four major Chilean beer manufacturers are us, Cervecer&#237;a Chile, CCK and Cervecer&#237;a Austral, whose principal brands of beer in Chile are Cristal, Becker, Kunstmann and Austral, respectively. In November 2000, we acquired a 50% stake in Cervecer&#237;a Austral, located in the city of Punta Arenas. In October 2001, Cervecer&#237;a Austral entered into a license agreement with our subsidiary Cervecera CCU Chile Limitada (&#8220;Cervecer&#237;a CCU&#8221;) to produce and sell our brand Cristal, as well as any other brand owned by or licensed to Cervecer&#237;a CCU in the southern part of Chile. During 2003, Cervecer&#237;a Austral began the production and sale of our brands Cristal, Escudo and Dorada. In May 2002, we acquired a 50% ownership interest in CCK, a microbrewery located in the southern city of Valdivia, with an annual production capacity of 3 million liters at that time. Since June 2003, our beer division began selling Kunstmann nationwide. In November 2006, we acquired additional shares of CCK that allowed us to consolidate this subsidiary into our financial statements since that month. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The non-alcoholic beverages market in Chile consists of both carbonated and non-carbonated beverages. The principal types of carbonated beverages are colas and non-colas. The principal non-carbonated beverages are fruit nectars and fruit based soft drinks. The table below sets forth our estimates of total and per capita consumption of non-alcoholic beverage in Chile during each of the last five years:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 60%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD vAlign=bottom width="100%" colSpan=8>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Non-Alcoholic Beverage Sales</FONT></U></B></P></TD></TR>

<TR>

   <TD vAlign=bottom width="18%">&nbsp;</TD>

   <TD width="36%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Total Sales Volume <SUP>(1)</SUP></FONT></U></B></P></TD>

   <TD vAlign=top width="10%">&nbsp;</TD>

   <TD width="36%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>liters Per Capita <SUP>(1)</SUP></FONT></U></B></P></TD></TR>

<TR>

   <TD vAlign=bottom width="18%">&nbsp;</TD>

   <TD width="36%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>(in millions of liters)</FONT></P></TD>

   <TD vAlign=top width="10%">&nbsp;</TD>

   <TD vAlign=top width="36%" colSpan=3>&nbsp;</TD></TR>

<TR>

   <TD rowSpan=2 width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Year</FONT></U></B></P></TD>

   <TD rowSpan=2 width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Carbonated </FONT></B><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Soft Drinks</FONT></B></U></P></TD>

   <TD rowSpan=2 width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Nectar &amp; Juices <SUP>(3)</SUP></FONT></U></B></P></TD>

   <TD rowSpan=2 width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Waters<SUP>(2)</SUP></FONT></U></B></P></TD>

   <TD vAlign=bottom rowSpan=2 width="10%"></TD>

   <TD rowSpan=2 width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Carbonated </FONT></B><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Soft Drinks</FONT></B></U></P></TD>

   <TD rowSpan=2 width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Nectar &amp; Juices <SUP>(3)</SUP></FONT></U></B></P></TD>

   <TD rowSpan=2 width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Waters<SUP>(2)</SUP></FONT></U></B></P></TD></TR>

<TR></TR>

<TR>

   <TD width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2011</FONT></P></TD>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2,299</FONT></P></TD>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>359</FONT></P></TD>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>371</FONT></P></TD>

   <TD style="BACKGROUND: white" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>134</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>21</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>22</FONT></P></TD></TR>

<TR>

   <TD width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2012</FONT></P></TD>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2,390</FONT></P></TD>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>426</FONT></P></TD>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>416</FONT></P></TD>

   <TD style="BACKGROUND: white" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>137</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>25</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>24</FONT></P></TD></TR>

<TR>

   <TD width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2013</FONT></P></TD>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2,425</FONT></P></TD>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>470</FONT></P></TD>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>464</FONT></P></TD>

   <TD vAlign=bottom width="10%" noWrap>&nbsp;</TD>

   <TD width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>138</FONT></P></TD>

   <TD width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>27</FONT></P></TD>

   <TD width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>26</FONT></P></TD></TR>

<TR>

   <TD width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2014</FONT></P></TD>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2,345</FONT></P></TD>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>480</FONT></P></TD>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>500</FONT></P></TD>

   <TD vAlign=bottom width="10%" noWrap>&nbsp;</TD>

   <TD width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>132</FONT></P></TD>

   <TD width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>27</FONT></P></TD>

   <TD width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>28</FONT></P></TD></TR>

<TR>

   <TD width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2015</FONT></P></TD>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2,317</FONT></P></TD>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>471</FONT></P></TD>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>550</FONT></P></TD>

   <TD vAlign=bottom width="10%" noWrap>&nbsp;</TD>

   <TD width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>129</FONT></P></TD>

   <TD width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>26</FONT></P></TD>

   <TD width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>31</FONT></P></TD></TR>

<TR>

   <TD width="100%" colSpan=8>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif>(1)&nbsp;Source: Canadean, Global Beverage Forecast of March 2016.</FONT></P></TD></TR>

<TR>

   <TD width="100%" colSpan=8>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif>(2) Includes HOD, excludes flavored waters.</FONT></P></TD></TR>

<TR>

   <TD width="100%" colSpan=8>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(3) Includes flavored waters.</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">27</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
&nbsp; <A name=page_31></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader31"></a><DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The
following table sets forth Nielsen estimates as to the percentage of total
carbonated soft drinks sales in Chile, represented by each of the two principal
categories of carbonated soft drinks during the last three years:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 60%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="55%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Type</FONT></B></P></TD>
    <TD vAlign=bottom width="1%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2013</FONT></B></P></TD>
    <TD vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2014</FONT></B></P></TD>
    <TD vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2015</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 0pt">
    <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="100%" colSpan=7>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></P>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT></P>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></P>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></P>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></P>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>&nbsp;
      </FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="55%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: Arial" color=#000000>Colas</FONT></P></TD>
    <TD vAlign=bottom width="1%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT color=#000000></FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: Arial" color=#000000>55%</FONT></P></TD>
    <TD vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: Arial" color=#000000></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: Arial" color=#000000>55%</FONT></P></TD>
    <TD vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: Arial" color=#000000>&nbsp; </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: Arial" color=#000000>54%</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="55%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: Arial" color=#000000>Non-colas</FONT></P></TD>
    <TD vAlign=bottom width="1%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT color=#000000></FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: Arial" color=#000000>45%</FONT></P></TD>
    <TD vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT color=#000000></FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: Arial" color=#000000>45%</FONT></P></TD>
    <TD vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT color=#000000></FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: Arial" color=#000000>46%</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="55%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: Arial" color=#000000>Total</FONT></P></TD>
    <TD vAlign=bottom width="1%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT color=#000000></FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: Arial" color=#000000>100%</FONT></P></TD>
    <TD vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT color=#000000></FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: Arial" color=#000000>100%</FONT></P></TD>
    <TD vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT color=#000000></FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: Arial" color=#000000>100%</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The
bottled water market in Chile is comprised of both carbonated and non-carbonated
mineral water, purified water and flavored water. Approximately 92% of all
bottled water in Chile is processed and marketed by two entities, us and Vital
Aguas S.A., a subsidiary of the two licensed companies of TCCC in Chile. Our
mineral water products have been produced by ECUSA since November 1994.
</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Traditionally, beer, wine and pisco have been the
principal alcoholic beverages consumed in Chile. Pisco is a distilled wine
spirit, produced exclusively in the III and IV Regions of Chile. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The table
below sets forth our estimates of Spirits consumption in Chile during each of
the last five years:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 60%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 0pt">
    <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Year</FONT></U></B></P></TD>
    <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Total Spirits Sales Volume
      <SUP>(1)</SUP></FONT></U></B></P></TD>
    <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Spirits per Capita</FONT></U></B></P></TD></TR>
  <TR style="HEIGHT: 0pt">
    <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>(in millions of liters)</FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>(liters)</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2011</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>54</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2012</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>63</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2013</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>68</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2014</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>70</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2015</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>71</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="1%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(1) Source:
      Canadean, Global Beverage Forecast of March
2016.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>On October
1, 2014, the Chilean Tax Reform Act became effective, bringing a series of
changes to tax rates and tax schemes. There has been an increase in excise taxes
for alcoholic and sugar containing beverages in Chile. The new excise taxes are
as shown in the following table:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 60%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="56%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Category</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Previous
      Tax</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Current
      Tax</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="56%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Beer</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>15.0%</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>20.5%</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="56%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Wine</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>15.0%</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>20.5%</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="56%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Spirits</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>27.0%</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>31.5%</FONT></P></TD></TR>
  <TR style="HEIGHT: 0pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="56%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Sugar
      containing Softdrink</FONT><SUP><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=arial,sans-serif>(1)</FONT></SUP></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>13.0%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>18.0%</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="56%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>No sugar
      containing Softdrink</FONT><SUP><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=arial,sans-serif>(2)</FONT></SUP></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>13.0%</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>10.0%</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="56%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Flavored
      Water</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>13.0%</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>10.0%</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="56%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(1) More than
      15 gr./240ml of sugar</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="56%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(2) With 15
      gr./240ml. or less of sugar </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">28</FONT></P>
<HR align=center SIZE=2 width="100%" noShade>

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<a name="_bclHeader32"></a><DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>International Business Operating segment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The Argentine beer market is estimated by us to be almost 2.4 times the size of Chile&#8217;s. Traditionally, beer and wine have been the principal alcoholic beverages consumed in the country. We estimate that annual beer consumption in Argentina was 1,822 million liters in 2015 or approximately 42</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>liters per capita, reflecting a 1.2% industry decrease for 2015. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The table below sets forth our estimates of beer consumption in Argentina during each of the last five years:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<DIV align=center>

<TABLE style="WIDTH: 60%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD vAlign=bottom width="12%" noWrap>&nbsp;</TD>

   <TD vAlign=bottom width="88%" colSpan=9 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Argentina</FONT></U></B></P></TD></TR>

<TR>

   <TD vAlign=bottom width="12%">&nbsp;</TD>

   <TD width="40%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Total Sales Volume</FONT></U></B></P></TD>

   <TD width="8%">&nbsp;</TD>

   <TD width="40%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>liters Per Capita</FONT></U></B></P></TD></TR>

<TR>

   <TD vAlign=bottom width="12%">&nbsp;</TD>

   <TD width="40%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>(in millions of liters)</FONT></P></TD>

   <TD vAlign=top width="8%">&nbsp;</TD>

   <TD vAlign=top width="40%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>(Liters)</FONT></P></TD></TR>

<TR>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Year</FONT></U></B></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Beer</FONT></U></B></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Functional Drinks</FONT></U></B></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Spirits</FONT></U></B></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Cider</FONT></U></B></P></TD>

   <TD width="8%">&nbsp;</TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Beer</FONT></U></B></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Functional Drinks</FONT></U></B></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Spirits</FONT></U></B></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Cider</FONT></U></B></P></TD></TR>

<TR>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2011</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,871</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>96</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>124</FONT></P></TD>

   <TD style="BACKGROUND: white" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>85</FONT></P></TD>

   <TD style="BACKGROUND: white" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>45</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>3</FONT></P></TD>

   <TD style="BACKGROUND: white" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2</FONT></P></TD></TR>

<TR>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2012</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,870</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>105</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>128</FONT></P></TD>

   <TD style="BACKGROUND: white" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>94</FONT></P></TD>

   <TD vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>44</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>3</FONT></P></TD>

   <TD style="BACKGROUND: white" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2</FONT></P></TD></TR>

<TR>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2013</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,844</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>112</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>129</FONT></P></TD>

   <TD style="BACKGROUND: white" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>97</FONT></P></TD>

   <TD vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>43</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>3</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>3</FONT></P></TD>

   <TD style="BACKGROUND: white" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2</FONT></P></TD></TR>

<TR>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2014</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,826</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>117</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>130</FONT></P></TD>

   <TD style="BACKGROUND: white" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>94</FONT></P></TD>

   <TD vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>42</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>3</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>3</FONT></P></TD>

   <TD style="BACKGROUND: white" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2</FONT></P></TD></TR>

<TR>

   <TD width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2015</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,822</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>120</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>130</FONT></P></TD>

   <TD style="BACKGROUND: white" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>95</FONT></P></TD>

   <TD vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>42</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>3</FONT></P></TD>

   <TD width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>3</FONT></P></TD>

   <TD style="BACKGROUND: white" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2</FONT></P></TD></TR>

<TR>

   <TD width="90%" colSpan=9>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif>Source: Canadean, Global Beverage Forecast of March 2016.</FONT></P></TD>

   <TD style="BACKGROUND: white" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&nbsp;&nbsp;</FONT>&nbsp;</DIV></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Excise taxes for the beverage industry in Argentina have been subject to variations in the past. The last modification was in 1999 and has been applicable since January 2000. The following table shows</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>&nbsp;current Argentine excise beverage taxes:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 60%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 0pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="58%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Product Type</FONT></U></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1999 Excise Taxes</FONT></U></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Current Excise Taxes</FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="58%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Non-Alcoholic Beverages</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="58%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Flavored soft drinks, mineral water and juices</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0% - 4%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4.17% - 8.7%</FONT></P></TD></TR>

<TR style="HEIGHT: 8.65pt">

   <TD style="HEIGHT: 8.65pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="58%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.65pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.65pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="58%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Alcoholic Beverages</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="58%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Beer</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>8.7%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="58%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Whisky</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>12%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>25%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="58%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>30% or more alcohol content</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>8%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>25%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="58%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Wine-cider</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0%</FONT></P></TD></TR></TABLE>&nbsp;</DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The integration of the operations of Paraguay and Uruguay are progressing in line with plans, and we are expanding our portfolio of categories of soft drinks and beer. As of 2015, we participate in the production and marketing of bottled mineral and flavored waters, carbonated soft drinks, nectars and juices; and in the distribution of beer. The tables below set forth our estimates of beer and non-alcoholic categories consumption in Uruguay and Paraguay:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">29</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>

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<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="88%" colSpan=9 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Uruguay</FONT></U></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Total Sales Volume </FONT></U></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>liters Per Capita </FONT></U></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>(in millions of liters)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" colSpan=4 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>(liters)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Year</FONT></U></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Beer</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>CSD</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Nectar &amp; Juices<SUP> (2)</SUP></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Water<SUP>(1)</SUP></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Beer</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>CSD</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Nectar &amp; Juices <SUP>(2)</SUP></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Water<SUP>(1)</SUP></FONT></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2011</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>101</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>389</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>38</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>219</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>30</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>115</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>65</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2012</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>392</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>47</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>240</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>29</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>115</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>14</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>71</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2013</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>404</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>52</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>273</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>29</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>118</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>15</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>80</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2014</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>101</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>404</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>60</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>290</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>29</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>118</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>18</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>85</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2015</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>102</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>394</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>65</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>300</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>30</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>115</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>19</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>88</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="100%" colSpan=10 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif>Source: Canadean, Global Beverage Forecast of March 2016.</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="100%" colSpan=10>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif>(1) Includes HOD, excludes flavored waters.</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="100%" colSpan=10>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(2) Includes flavored waters.</FONT></P></TD></TR></TABLE></DIV>

<P></P>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 60%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="88%" colSpan=9 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Paraguay</FONT></U></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Total Sales Volume </FONT></U></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>liters Per Capita </FONT></U></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>(in millions of liters)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" colSpan=4 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>(liters)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Year</FONT></U></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Beer</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>CSD</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Nectar &amp; Juices <SUP>(2)</SUP></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Water<SUP>(1)</SUP></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Beer</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>CSD</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Nectar &amp; Juices <SUP>(2)</SUP></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Water<SUP>(1)</SUP></FONT></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2011</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>283</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>518</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>51</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>182</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>43</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>79</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>28</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2012</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>280</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>558</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>57</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>206</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>42</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>83</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>31</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2013</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>283</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>555</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>60</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>224</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>42</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>82</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>33</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2014</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>290</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>559</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>64</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>252</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>42</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>81</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>36</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2015</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>299</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>553</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>64</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>267</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>42</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>79</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>38</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif>Source: Canadean, Global Beverage Forecast of March 2016.</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif>(1) Includes HOD, excludes flavored waters.</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="100%" colSpan=10>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(2) Includes flavored waters.</FONT></P></TD></TR></TABLE></DIV></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Wine Operating segment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>We estimate wine consumption in Chile was approximately 13 liters per capita in 2015. Given that the Chilean wine industry is fragmented, no single wine producer accounts for the majority of production and/or sales. </FONT><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face=arial,sans-serif>The leading wineries include, other than VSPT, Vi&#241;a Concha y Toro S.A. </FONT><FONT lang=ES-CL style="FONT-SIZE: 10pt" face=arial,sans-serif>(&#8220;Concha y Toro&#8221;), Vi&#241;a Santa Rita S.A. (&#8220;Santa Rita&#8221;) and Bodegas y Vi&#241;edos Santa Carolina S.A. </FONT><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face=arial,sans-serif>(&#8220;Santa Carolina&#8221;). </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In addition, there are numerous medium-sized wineries, including Vi&#241;a Undurraga S.A. (&#8220;Undurraga&#8221;), Cousi&#241;o Macul S.A. (&#8220;Cousi&#241;o Macul&#8221;) and Vi&#241;a Montes. Chile&#8217;s formal wine market includes all wineries that sell wine products that comply with industry and tax regulations. VSPT is a member of the formal wine market, as are most other principal wineries in Chile. The informal wine market is composed of many small wine producers. The Agricultural and Livestock Service (Servicio Agr&#237;cola Ganadero, or &#8220;SAG&#8221;) is the entity in charge of wine industry regulation and principally oversees inventory records and product quality.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The following chart shows our estimates for the formal wine market and per capita consumption levels for wine in Chile for the last five years:</FONT></P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">30</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Year</FONT></U></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Total Volume</FONT></U></B><SUP><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif> (1)</FONT></B></SUP></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Per Capita</FONT></U></B></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="33%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>(in millions of liters)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="33%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>(liters)</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2011</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="33%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>232</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="33%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>13</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2012</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="33%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>226</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="33%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>13</FONT></P></TD></TR>

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   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2013</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="33%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>227</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="33%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>13</FONT></P></TD></TR>

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   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2014</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="33%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>225</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="33%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>13</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2015</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>231</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>13</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(1)</FONT><FONT style="FONT-SIZE: 7pt" color=#000000 face="times new roman">&nbsp;</FONT><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>Source: Canadean, Global Beverage Forecast of March 2016.</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Wines in Chile can be segmented by product type. Chilean wineries produce and sell premium, varietal and popular-priced wines within the domestic market. Premium wines and many of the varietal wines are produced from high-quality grapes, aged and packaged in glass bottles. Popular-priced wines are usually produced using non-varietal grapes and are not aged. These products are generally sold in either cartons or jug packaging.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT></I></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Production and Marketing.</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Chile Operating segment</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The production, marketing and sales of beverages in Chile generated Net sales of CLP 765,196 million, CLP 830,341</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>million and CLP 902,021 million, or 63.9%, 64.0% and 60.0% of our total Net sales, in 2013, 2014 and 2015, respectively. Our sales by volume in Chile increased 4.0% in 2015.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Under each license agreement, we have the exclusive right to produce, sell and distribute the respective licensed products in Chile. Generally, under our license agreements, we are required to maintain certain standards of quality with respect to the production of licensed products, to achieve certain levels of marketing and, in certain cases, to fulfill minimum sales requirements. We believe that we are in compliance with the quality of all of our license agreements.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>On April 28, 2003, through our subsidiaries Cervecer&#237;a CCU and CCU Argentina, we and Heineken Brouwerijen B.V. signed license and technical assistance agreements providing us with the exclusive rights to produce, sell and distribute Heineken beer in Chile and Argentina commencing June 18, 2003. On October 12, 2011, we signed with Heineken International B.V. the Amended and Restated versions of the Trademark License Agreements, which provide us with the exclusive rights to produce, sell and distribute Heineken beer in Chile and Argentina, as of January 1, 2011. These agreements have an initial term of 10 years, and shall automatically be renewed each January 1 for a new period of ten years, unless either party gives notice of its decision not to renew, in which case the agreements will be in force until the last renewal period expires. Heineken beer is the leading brand in the premium segment, the beer segment with the highest growth in Chile in recent years.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Cristal is our principal and best selling beer brand in Chile, followed by Escudo, the second most popular beer in the country. Other relevant brands are: Royal Guard, our single, proprietary, premium brand; Morenita in the dark beers; Dorada as our convenience brand; and Lemon Stones a lemon flavored sweetened beer, with 2.5% alcohol content. From time to time, we introduce innovations in our most relevant brands. These innovations include Cristal Cer0,0&#176;, Cristal Light, the 1.2 liter returnable bottle, Escudo Negra and Escudo Triple X, amongst others.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In October 2001, we signed a license agreement with Cervecer&#237;a Austral for the production of the Austral brand by our beer division. This agreement is currently renewable for periods of two years, subject to compliance with the contract conditions. Our investment in Cervecer&#237;a Austral, the production of the Austral brand by our beer division; the investment in CCK (Kunstmann is a specialty beer produced in a variety of versions); and the production of Heineken beer since June 2003, among other initiatives, are part of our strategy to increase our presence in the premium segment of the Chilean beer market. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">31</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>On April 30, 2010, FEMSA announced the closing of the transaction pursuant to which FEMSA agreed to exchange 100% of its beer operations for a 20% economic interest in the Heineken Group. Since then, Heineken introduced the Sol brand to its portfolio, and in 2013 we launched the Sol brand in the north of Chile as a successful test plan to compete in the imported Mexican beer segment, and in 2014 we completed the national roll out of the brand. Similar to the Heineken brand, we have an exclusive 10 year, automatically renewable license on the same terms (Rolling Contract), each year for a period of 10 years, unless notice of non-renewal is given for Chile and Argentina.</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>During January 2015, we launched Coors and Coors Light in Chile. The license agreement with Coors Brewing Company considers after the initial termination date, the automatic renewal under the same conditions (Rolling Contract), each year for a period of 5 years, subject to the compliance with the contract conditions. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The following table shows our proprietary beer brands, brands produced under license and brands imported under license for the Chilean Market: </FONT></P>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Premium</FONT></B></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Mainstream</FONT></B></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Convenience</FONT></B></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>beer brands</FONT></U></B></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>beer brands</FONT></U></B></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>beer brands</FONT></U></B></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Royal Guard</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Cristal</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Dorada</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Royal Guard Black Label</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Cristal Cer0,0&#176;</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Heineken<SUP> (1)</SUP></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Cristal Light</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Budweiser <SUP>(2) (3)</SUP></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Escudo</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Austral <SUP>(1)</SUP></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Escudo Negra</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Kunstmann</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Escudo XXX</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>D'olbek</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Morenita</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Sol<SUP>(1)</SUP></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Lemon Stones</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13.5pt">

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Coors<SUP>(2)</SUP></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Tecate<SUP>(2)</SUP></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Blue Moon<SUP>(2)</SUP></FONT></P></TD>

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   <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Szot</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1) Produced under license</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(2) Imported</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(3) License in Chile until December 31, 2015</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>&nbsp;</TD></TR></TABLE><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT></DIV></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Our beer products sold in Chile are bottled or packaged in returnable and non-returnable bottles, aluminum cans or stainless steel kegs at our production facilities in the Chilean cities of Santiago, Temuco, Valdivia and Punta Arenas. The Temuco plant commenced production in November 1999, replacing the closed Concepci&#243;n and Osorno plants. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>During the last three years we sold our beer products in Chile in the following containers:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">32</FONT></P>

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<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Percentage of Total Beer Products Sold</FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Container</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2013</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2014</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2015</FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Returnable <SUP>(1)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>47%</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>44%</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>42%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Non-returnable <SUP>(2)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>50%</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>52%</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>55%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Returnable kegs <SUP>(3)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3%</FONT></U></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3%</FONT></U></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4%</FONT></U></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>100%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>100%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>100%</FONT></U></P></TD></TR>

<TR style="HEIGHT: 5.05pt">

   <TD style="HEIGHT: 5.05pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.05pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.05pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.05pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=4>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Returnable beer containers include glass bottles of various sizes.</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=4>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-returnable beer containers include bottles and aluminum cans, both of assorted sizes.</FONT></P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=4>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Returnable kegs are stainless steel containers, which have a capacity of 20, 30 and 50 liters.</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The following table sets forth our beer sales volume breakdown in Chile by category, for each of the last three years:</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left>&nbsp;</P>

<DIV align=center>

<DIV align=center>

<TABLE style="WIDTH: 60%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 2.75pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="35%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Category</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="22%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2013</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="22%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2014</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2015</FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="35%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Premium</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="22%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>16%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="22%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>18%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>20%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="35%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Mainstream</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="22%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>80%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="22%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>78%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>76%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="35%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Convenience</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="22%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="22%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4%</FONT></U></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="35%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Total</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="22%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="22%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100%</FONT></U></P></TD></TR></TABLE></DIV></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In 1994, our subsidiary ECUSA and Cadbury Schweppes plc (&#8220;Cadbury Schweppes&#8221;), the latter through its subsidiaries CS Beverages Ltd. and Canada Dry Corporation Ltd., entered into license agreements for all Cadbury Schweppes products. On December 11, 1998, TCCC announced an agreement with Cadbury Schweppes to acquire certain of the latter's international beverage brands, including those licensed to ECUSA, and in August 1999 the agreement was reported to have been consummated. In September 2000, after more than a year&#8217;s litigation, both in Chile (suits at civil courts and antitrust authorities) and England (arbitration under ICC rules), ECUSA and TCCC reached an agreement superseding ECUSA&#8217;s previous license contracts with CS Beverages Ltd. and Canada Dry Corporation Ltd. The new agreement, referred to as the &#8220;Bottler Contract,&#8221; was executed between ECUSA and Schweppes Holdings Ltd., concerning the Crush and Canada Dry brands, and was approved by the Chilean antitrust commission, thus putting an end to the proceeding regarding the Cadbury Schweppes brands issue and dismissing all complaints filed in consideration of the agreement. On January 15, 2009, the parties executed an amendment to the Bottler Contract which, among others, extended its duration until December 31, 2018, renewable for consecutive five-year periods provided that certain conditions are fulfilled.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In August, 2002, we began importing, selling and distributing Gatorade, the world&#8217;s number one isotonic drink. In March 2006, a new exclusive bottling agreement was executed between ECUSA and Stokely Van-Camp, Inc., a subsidiary of PepsiCo, Inc., authorizing ECUSA to bottle, sell and distribute Gatorade products in Chile, for an initial term ending on March 31, 2010, automatically renewable for successive two or three-year periods if certain conditions set forth in the contract are met. In 2012, this agreement was renewed until March 31, 2015. At this time the Gatorade license is set to expire in December 2018, renewable for an additional period equal to the duration of the Shareholders Agreement of Bebidas CCU-PepsiCo Spa, subject to the compliance with the contract conditions. Since October 2006, we have been producing Gatorade locally. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In November 2007, ECUSA signed an exclusive bottling agreement with Pepsi Lipton International Limited, authorizing ECUSA to produce, sell and distribute ready to drink tea beverages in Chile. This agreement terminates on March 31, 2020.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">33</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The license agreement for nectar products with Watt&#8217;s, which granted us exclusive production rights, was first signed in June 1977 and originally had a 33-year term. In February 1999, a new license agreement was signed allowing us to produce new flavors and bottle Watt&#8217;s nectars in non-returnable packaging (wide mouth glass and plastic bottles). A new license agreement between us and Watt&#8217;s S.A. was signed in July 2004. This new contract provided us with a ten-year license renewable automatically for three consecutive periods of three years if the conditions set forth in the contract are fulfilled at the date of renewal. In December 2006, we signed a joint venture agreement with Watt&#8217;s S.A., under which, as of January 30, 2007, we participate in equal parts in Promarca S.A. This new company owns the brands &#8220;Watt&#8217;s&#8221;, &#8220;Watt&#8217;s Ice Frut&#8221;, &#8220;Yogu Yogu&#8221;, &#8220;Shake a Shake&#8221; and &#8220;Frugo&#8221;, among others in Chile. Promarca S.A. granted both of its shareholders </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>(New Ecusa S.A., a subsidiary of ECUSA, and Watt&#180;s Dos S.A, a subsidiary of Watt&#180;s S.A),</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> for an indefinite period, the exclusive licenses for the production and sale of the different product categories.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In February 2005, we launched a new Cachantun product, under the trademark Mas, a sugar free product made of mineral water, calcium and citric flavor, creating a new category of flavored water.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In December 2007, we entered into an agreement with Nestl&#233; Chile S.A. and Nestl&#233; Waters Chile S.A., the latter of which acquired a 20% interest in our subsidiary Aguas CCU, the company that owns the assets through which we develop our bottled water business in Chile. As part of this new association, Aguas CCU produces and sells the Nestl&#233; Pure Life brand in Chile under a license contract of the same date, with an initial term of five years, renewable for successive periods of five years if certain conditions are met. Nestl&#233; Waters Chile S.A. had a call option to increase its ownership in Aguas CCU by an additional 29.9%, which expired on June 5, 2009. On June 4, 2009 ECUSA received the notification from Nestl&#233; Waters Chile S.A. exercising its irrevocable option to buy 29.9% of Aguas CCU equity, within the scope of the contract. Since the conclusion of the sale, ECUSA holds 50.10% of the ownership interests of Aguas CCU. CCU owns directly or indirectly 99.93% of ECUSA&#8217;s equity.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In December 2012, the subsidiary Aguas CCU-Nestl&#233; Chile S.A. acquired a 51% ownership interest in the company Manantial S.A. which carries out the business of home and office delivery of purified water in bottles with the use of dispensers. Additionally, a shareholder&#8217;s agreement with Manantial S.A. was entered into in connection with the acquisition.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>On October 2013, CCU together with its subsidiary ECUSA executed a series of contracts and agreements with PepsiCo Inc. and its affiliates that will allow the parties to expand their current relationship in the non-alcoholic beverages segment with specific focus on the carbonated soft drinks, as well as extending the duration of their long-term relationship. Pursuant to these agreements, which take into account the creation of an affiliate, Bebidas CCU-PepsiCo SpA, the licenses to produce, sell and distribute in Chile Pepsi, 7up and Mirinda (Pepsi brands) and Bilz Pap, Kem and Nobis (CCU brands) were granted to ECUSA until December 2043.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Aligned with our innovation process: during 2002 we launched Bilz Light, Pap Light, Agua T&#243;nica Light and Gatorade. In April 2003, we introduced to the market Kem Xtreme, a soft drink with a high level of caffeine. In September 2004, we launched Canada Dry Ginger Ale Light, and in October 2004, we re-launched Nobis, a traditional proprietary soft drink brand, to be used strategically against discount brands. In September 2006, we launched Canada Dry Lim&#243;n Soda Light. In January 2007, we introduced two new products into the market: (i) Slice by Kem, a tropical fruit flavored soft drink, and (ii) SoBe Adrenaline Rush, an energy drink sold under the PepsiCo license. In November 2007, we entered into a new product category, ice tea, with the brand Lipton Ice Tea, produced by us under the PepsiCo license. During 2008 we introduced Watt&#8217;s Soya from Promarca (50% owned by us), and Nestl&#233; Pure Life from Aguas CCU, a well-known purified water brand, in order to place ourselves in a leading position in the healthy foods market. In 2009, the Company introduced Mas Woman by Cachantun, a beverage made from Cachantun mineral water, in a variety of flavors, targeted towards women. In addition, in the same year, the Company began to import the renowned mineral water Perrier. In 2011 we introduced several new product offerings including Pop from Bilz and Pap, Kem Xtreme Girl, the first zero calorie energy soft drink developed specifically for women, Slice by Kem, </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Lipton Feel Green in two flavors and powder Gatorade. During 2014 we continued our innovation strategy launching brands like Adrenaline Red, a locally produced energy drink that replaced SoBe Adrenaline Rush, Sobe Waters and Ocean Spray (all licensed by PepsiCo), Kem Rio Guaran&#225; and Kem Xtreme Sugar Free. In December 2015, we signed an exclusive distribution agreement with Red Bull for the sales and distribution of Red Bull energy drink products in Chile. Furthermore, in December 2015 we began a joint operation with Carozzi in order to participate in the Ready-to-mix categories with the brands Vivo, Sprim, Fructus and Caricia.</FONT></P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">34</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The following table shows the soft drink and water brands produced and/or sold by us through our non-alcoholic subsidiary ECUSA, during 2015:</FONT></P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">35</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>

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<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Brand</FONT></U></B></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Product</FONT></U></B></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Category</FONT></U></B></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Affiliation<SUP>(1) </SUP></FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Bilz</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Soft Drink</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Non-Cola Proprietary</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>CCU Proprietary</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Pap</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Soft Drink</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Non-Cola Proprietary</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>CCU Proprietary</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Bilz Light</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Soft Drink</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Non-Cola Proprietary</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>CCU Proprietary</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Bilz Zero</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Soft Drink</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Non-Cola Proprietary</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>CCU Proprietary</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Pap Light</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Soft Drink</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Non-Cola Proprietary</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>CCU Proprietary</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Pap Zero</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Soft Drink</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Licensed</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>PepsiCo</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>SOBE LIFE WATER</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Functional Drink</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Licensed</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Pepsico</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Red Bull</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Energy</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Licensed</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Red Bull</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Frugo</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Soft Drink </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Licensed</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Promarca </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Watt&#8217;s</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Nectars</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Licensed</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Promarca</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Watt&#8217;s Light</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Nectars</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Licensed</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Promarca</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Watt's Clear</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Nectars</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Licensed</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Promarca</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Cachantun</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Mineral Water</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Proprietary</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Aguas CCU</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Mas de Cachantun</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Mineral Water based beverage</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Proprietary</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Aguas CCU</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Mas Woman</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Mineral Water based beverage</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Proprietary </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Aguas CCU</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Porvenir</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Mineral Water</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Proprietary</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Aguas CCU</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Perrier</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Mineral Water</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Licensed</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Nestl&#233; Waters M&amp;D</FONT></P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: #ffffff" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Nestl&#233; Pure Life</FONT></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Purified Water</FONT></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Licensed</FONT></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Soci&#233;t&#233; des Produits Nestl&#233; S.A.&amp; others</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Manantial</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>HOD</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Proprietary</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Manantial</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Vivo</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>RTM</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Licensed</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Bebidas Carozzi CCU </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Fructus</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>RTM</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Propietary</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Bebidas Carozzi CCU </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Sprim</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>RTM</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Propietary</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Bebidas Carozzi CCU </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Caricia</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>RTM</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Licensed</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="23%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Bebidas Carozzi CCU </FONT></P></TD></TR>

<TR style="HEIGHT: 2.9pt">

   <TD style="HEIGHT: 2.9pt" vAlign=top width="28%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 2.9pt" vAlign=top width="28%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 2.9pt" vAlign=top width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 2.9pt" vAlign=top width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="100%" colSpan=4>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(1) CCU owns directly or indirectly 50% of Promarca and 50.1% of Aguas CCU</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="100%" colSpan=4>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>Aguas CCU and ECUSA own 99.08% and 0.92% of Manantial, respectively</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="100%" colSpan=4>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>ECUSA owns 50% of Bebidas Carozzi CCU</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">36</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_40"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader40"></a><DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>During the last three years, we sold our non-alcoholic beverage</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> </FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>products in the following packaging formats:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 50%" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="40%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Carbonated Soft Drinks, Nectars and Juices</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%">&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="38%" colSpan=3 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Mineral and Purified Water</FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Container</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2013</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2014</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2015</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2013</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2014</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2015</FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 13.5pt">

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Returnable<SUP>(1)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>29%</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>28%</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>27%</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>28%</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>28%</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>28%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.5pt">

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Non-returnable<SUP>(2)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>69%</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>70%</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>71%</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>72%</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>72%</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>72%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.5pt">

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>&#8220;Post-Mix&#8221;<SUP>(3)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2%</FONT></U></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2%</FONT></U></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2%</FONT></U></P></TD>

   <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp; -&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;&nbsp; </FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" align=center><U><U>&nbsp;&nbsp; -&nbsp;&nbsp;&nbsp;&nbsp;</U></U></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%" align=center><U>&nbsp;&nbsp; -&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Total</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100%</FONT></U></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 20.25pt">

   <TD style="HEIGHT: 20.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="99%" colSpan=8>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1) Returnable soft drink containers include both glass and plastic bottles of assorted sizes. Returnable water containers include glass bottles of assorted sizes and returnable 20-liter jugs and HOD.</FONT></P></TD></TR>

<TR style="HEIGHT: 18.75pt">

   <TD style="HEIGHT: 18.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="99%" colSpan=8>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(2) Non-returnable soft drink containers include glass and plastic bottles, and aluminum cans of assorted sizes. Non-returnable water containers include plastic bottles and certain glass bottles of assorted sizes.</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="99%" colSpan=8>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(3) Post-mix cylinders are sold specifically to on-premise locations for fountain machines.</FONT></P></TD></TR></TABLE></DIV>

<DIV align=center>&nbsp;</DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The following table shows the sales mix of our non-alcoholic beverages by category during each of the last three years:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 50%" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Category</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2013</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2014</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2015</FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Colas</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Licensed</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>16%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>16%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>16%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Non-colas</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Proprietary</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>36%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>36%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>36%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Licensed</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>27%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>27%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>25%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Nectars</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Licensed</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>21%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>22%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>23%</FONT></P></TD></TR>

<TR style="HEIGHT: 15.25pt">

   <TD style="HEIGHT: 15.25pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Soft drinks total</FONT></U></P></TD>

   <TD style="HEIGHT: 15.25pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>100%</FONT></U></P></TD>

   <TD style="HEIGHT: 15.25pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>100%</FONT></U></P></TD>

   <TD style="HEIGHT: 15.25pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>100%</FONT></U></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Mineral water</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Proprietary</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>66%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>64%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>61%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Licensed</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0%</FONT></P></TD></TR>

<TR style="HEIGHT: 15.25pt">

   <TD style="HEIGHT: 15.25pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Purified water</FONT></P></TD>

   <TD style="HEIGHT: 15.25pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15.25pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15.25pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Proprietary</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Licensed</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>8%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>11%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>HOD</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>27%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>28%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>28%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total Bottled Water</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>100%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>100%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>100%</FONT></U></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The following table shows the sales mix of our non-alcoholic beverages by affiliation during each of the last three years:</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left>&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 50%" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Affiliation</FONT></U></B><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif> </FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2013</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2014</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2015</FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Soft drinks</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Proprietary</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>26%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>25%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>26%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Schweppes</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>16%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>15%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>9%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>PepsiCo</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>15%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>15%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>13%</FONT></P></TD></TR>

<TR style="HEIGHT: 5.05pt">

   <TD style="HEIGHT: 5.05pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.05pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.05pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.05pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Promarca<SUP> (1)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>16%</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>15%</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>17%</FONT></P></TD></TR>

<TR style="HEIGHT: 5.05pt">

   <TD style="HEIGHT: 5.05pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.05pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.05pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.05pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Water</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Proprietary<SUP>(2)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>25%</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>27%</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>31%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Nestl&#233; Waters</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4%</FONT></U></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>100%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>100%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>100%</FONT></U></P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=4>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><SUP><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(1)</FONT></SUP><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif> CCU owns 50% of the rights to the Watt&#8217;s brand (nectar), currently held through our affiliate Promarca. </FONT></P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=4>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><SUP><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(2)</FONT></SUP><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif> CCU owns 50.1% of the rights to all the water brands held through the affiliate Aguas CCU. Includes HOD.</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">37</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_41"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader41"></a><DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>After the completion of the CPCh transaction with Control, we expanded our proprietary brand portfolio considerably, adding brands such as Campanario in the mainstream and cocktail categories, as well as Control C, Mistral Nobel, Mistral Gran Nobel, Horc&#243;n Quemado and Tres Erres MOAI in the ultra-premium segment, Mistral, Bauz&#225; and 3RRR in the premium segment and La Serena in the popular-priced category. </FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In the rum market, our proprietary brands are Cabo Viejo in the popular-priced segment, Sierra Morena Dorado and Sierra Morena A&#241;ejo in the medium-priced segment, Sierra Morena 5 A&#241;os in the premium segment and Sierra Morena Imperial in the ultra-premium segment. Also, during 2011 CPCh began the distribution of Pernod Ricard products (Chivas Regal, Ballantine&#8217;s, Havana Club, Beefeater and Absolut among others) through the traditional channel.</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>During 2014, our spirits were produced at four plants which are located in Regions III and IV of Chile. The bottling process was done in the Ovalle plant bottling facility. Horc&#243;n Quemado is produced and bottled in a third-party plant.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Through CPCh we produce and market ultra-premium, premium, medium-priced and popular-priced pisco brands in Chile, as well as rum. The following table shows our principal pisco brands:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<DIV align=center>

<TABLE style="WIDTH: 60%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Ultra premium</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Premium</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Medium-priced</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="27%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Medium-priced</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Popular-priced</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>pisco brands</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>pisco brands</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>pisco brands</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="27%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>RTD brands</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>pisco brands</FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Control C</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>3RRR</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Campanario</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Campanario Sour</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>La Serena</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Mistral Nobel</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Mistral</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Mistral Ice</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Campanario Sour Light</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13.5pt">

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Mistral Gran Nobel</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Bauz&#225;<SUP>(1)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Bauz&#225; Ice<SUP>(1)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Campanario Pica</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>MOAI</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Campanario Chirimoya</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Horc&#243;n Quemado</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Campanario Cola de Mono</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 24pt">

   <TD style="HEIGHT: 24pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 24pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 24pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 24pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Campanario Dulce de Leche</FONT></P></TD>

   <TD style="HEIGHT: 24pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Campanario L&#250;cuma</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Campanario Mango</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Campanario Pi&#241;a Colada</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Ruta Sour</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Ruta Sour Light</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Ruta Sour Pica</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Ruta Mango</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13.5pt">

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Bauz&#225; Sour<SUP>(1)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13.5pt">

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Bauz&#225; Mango<SUP>(1)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1) In January 2016 CPCh divested its interest in Compa&#241;&#237;a Pisquera Bauz&#225; S.A. </FONT></P></TD>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>International Business Operating segment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our operation in International Business generated Net sales of CLP 282,435 million, CLP 299,668 million and CLP 405,714 million, representing 23.6%, 23.1% and 27.1% of our total Net sales in the last three years, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>On April 28, 2003, CCU Argentina and Heineken Brouwerijen B.V., a subsidiary of Heineken International B.V., signed license and technical assistance agreements that provide us with the exclusive rights to produce, sell and distribute Heineken beer in Argentina commencing June 18, 2003. On October 12, 2011, we and Heineken Brouwerijen B.V. signed the Amended and Restated versions of the Trademark License Agreements which provide us with the exclusive rights to produce, sell and distribute Heineken beer in Chile and Argentina, in force as of January 1, 2011. These agreements have an initial term of 10 years, and shall automatically be renewed each year (January </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>1<SUP>st</SUP>) for a new period of ten years, unless any party gives notice of its decision not to renew, in which case the agreements will be in force until the last renewal period expires. Heineken beer is the second-largest brand in terms of volume in the premium segment in Argentina.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In October 2006, we signed a long-term contract with ICSA to brew, bottle and package beer in the former AmBev plant in Luj&#225;n, near Buenos Aires, that was purchased by ICSA. In January 2007, we began brewing our local brands in this plant, obtaining enough production capacity to ensure future growth. In April 2008, we acquired ICSA, including the Luj&#225;n plant and the brands Imperial, Bieckert and Palermo. ICSA also had a brewing contract agreement with AmBev and, under such contract CICSA brewed beer for AmBev during the peak demand season of 2008-2009.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The license agreement between CCU Argentina and Anheuser-Busch, which provides CCU Argentina with the exclusive right to produce, package, market, sell and distribute Budweiser beer in Argentina and Uruguay, had an initial term of 20 years commencing in December 1995, which in March 2008, was extended to December 2025. Among other things, the license agreement includes provisions for both technical and marketing assistance from Anheuser-Busch. Under the license agreement, CCU Argentina is obligated to purchase certain raw materials from Anheuser-Busch or from suppliers approved by Anheuser-Busch. We began distribution of our locally produced Budweiser in December 1996. See &#8220;&#8211; Sales, Transportation and Distribution.&#8221; In addition, the license agreement is subject to certain specified market share targets and marketing expenditures. In 2010, the license agreement was modified due to regulatory reasons under the context of the merger between Anheuser-Busch and InBev. As a result, certain contractual restrictions were released, and rights granted to Anheuser-Busch waived, both in favor of CCU Argentina. During the third quarter 2000, we and Anheuser-Busch signed an export agreement to supply Budweiser from Argentina to Paraguay and Chile. At the end of 2011, the agreement to supply Budweiser from Argentina to Paraguay was ended. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In November 2011, we signed an addendum to the import and distribution contract with Cervecer&#237;a Modelo S.A., including a clause that specified the automatic renewal of the contract for a period of four years at the end of 2014 provided that CICSA would meet certain minimum purchases goal. In that case, the agreement would last until December 31, 2018. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.45pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In 2012, the Company began the migration process to its new proprietary returnable bottle in place of the generic container currently in the industry. The decision to implement this important project was based primarily on the change introduced by the main market player, who in 2011 started to replace the use of generic packaging by a proprietary container for one liter returnable products. The proprietary container&#8217;s use results in significant important changes in logistics processes, including the adaptation of the building structure of plants, the acquisition of specific equipment, the adaptation of production lines and agreements with glass bottles and crates suppliers in order to achieve the timely supply of the new bottling process required inputs. The introduction of these proprietary returnable bottles resulted in significant impacts on the industry&#8217;s value chain, with higher operating costs associated with the operation of recovery and classification of packaging that significantly affect the level of profitability and industry&#180;s return on capital employed (ROCE). This transition process requires significant investments between 2012 and 2017 mainly in packaging, equipment and infrastructure. To partially finance these investments, bank loans were obtained in local currency with long repayment periods, mitigating the risk of exchange rate and interest rate fluctuations thereby minimizing the fluctuation risk.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In September 2012, CCU acquired 100% shares of the Uruguayan companies Milotur S.A., Marzurel S.A. and Coralina S.A. and indirectly Andrimar S.A., a wholly- owned subsidiary of Milotur </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>S.A.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>On November 29, 2012, CICSA and Heineken Brouwerijen B.V. signed the Trademark License Agreement which provides us with the exclusive rights to produce, sell and distribute Heineken beer in Paraguay, in force as of November 29, 2012. This agreement has an initial term of 10 years, and will be automatically renewed for a five years period unless any party gives notice of its decision not to renew, in which case the agreements will be in force until the last renewal period expires.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In 2013 the production of Budweiser beer started in Luj&#225;n, in addition to Heineken which was already being brewed since 2009. Currently Santa Fe and Luj&#225;n Plants produce both brands. Additionally, the production of Amstel beer was launched under the license of Amstel Brouwerijen BV, an affilliate of Heineken International.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>On June 4, 2013, CICSA, Milotur and Heineken Brouwerijen B.V. signed the Trademark License Agreement which provides us with the exclusive rights to produce, sell and distribute Heineken beer in Uruguay, in force as of May 1, 2013. This agreement has an initial term of 10 years, and automatically renew on January 1 of each year for a new period of ten years, unless any party gives notice of its decision not to renew, in which case the agreements will be in force until the last renewal period expires.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>By the end of 2013, CCU executed various agreements and contracts with Cartes Group in Paraguay, in virtue of which acquired 50.005% of Bebidas del Paraguay (owner of productive assets and brands through which it develops the business consisting of the production, marketing and sale of non-alcoholic beverages, such as soft drinks, juices and water, and import, marketing and sale of beer, under various brands, both proprietary and under licensees and imported) and 49.959% of Distribuidora del Paraguay S.A., a company which distributes the products of the above-mentioned company. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In June 2014, CICSA reached agreements with Cervecer&#237;a Modelo S. de R.L. de CV. and Anheuser-Busch LLC, for the termination of the contract which allows CICSA to import and distribute on an exclusive basis, </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Corona</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> and </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Negra Modelo</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> beers in Argentina, and the license for the production and distribution of </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Budweiser</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> beer in Uruguay. CICSA received compensation in respect of these agreements in the amount of ARS 277.2 million, equivalent to USD 34.2 million. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In September 2014, CICSA began with exclusive distribution in Argentina imported Sol brand, owned by Heineken, initiating local production in November 2014. For Sol brand in Argentina, we have the license for 10 years, automatically renewable on the same terms (Rolling Contract), each year for a period of 10 years, unless notice of non-renewal is given. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>On July 15, 2015, CICSA, BBO and Heineken Brouwerijen B.V. signed the Ancillary Trademark License Agreement which provide us with the exclusive rights to produce, sell and distribute Heineken beer in Bolivia, in force as of January 1, 2015. This agreement has an initial term of 10 years, and will be automatically renewed for a five years period unless any party gives notice of its decision not to renew, in which case the agreement will be in force until the last renewal period expires.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Aligned with our innovation strategy, during 2015 we launched brand extensions such as Santa Fe Frost and Sol 650 in Argentina, and we pushed the one way packaging in beer in Uruguay with Schneider and Heineken, increasing our volumes in that market. </FONT></P>

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<P style="VERTICAL-ALIGN: top; BACKGROUND: white; MARGIN: 0cm 0cm 0pt"><FONT style="DISPLAY: none" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Escribe texto o la direcci&#243;n de un sitio web, o bien, </FONT></FONT><FONT style="DISPLAY: none" color=windowtext face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=arial,sans-serif>traduce un documento</FONT></FONT><FONT style="DISPLAY: none" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>At present we produce and market premium, medium-priced and popular-priced beer brands in the International Business Operating segment, which includes Argentina, Uruguay and Paraguay. The following table shows our principal brands produced and imported under license in Argentina in 2015:</FONT></P>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Premium</FONT></B></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Heineken<SUP> (1)</SUP></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>C&#243;rdoba </FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Imperial</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Schneider</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="27%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Amstel <SUP>(1)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="27%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Guinness </FONT><SUP><FONT style="FONT-SIZE: 7.5pt" color=black face=arial,sans-serif>(2)(3)</FONT></SUP></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="27%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Negra Modelo </FONT><SUP><FONT style="FONT-SIZE: 7.5pt" color=black face=arial,sans-serif>(2)(3)</FONT></SUP></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="27%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Corona </FONT><SUP><FONT style="FONT-SIZE: 7.5pt" color=black face=arial,sans-serif>(2)(3)</FONT></SUP></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="27%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Otro Mundo </FONT><SUP><FONT style="FONT-SIZE: 7.5pt" color=black face=arial,sans-serif>(4)</FONT></SUP></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="27%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 2.9pt">

   <TD style="HEIGHT: 2.9pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><SUP><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="HEIGHT: 2.9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="34%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 2.9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="27%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><SUP><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(1)</FONT></SUP><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif> Produced under license</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><SUP><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(2)</FONT></SUP><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif> Imported</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><SUP><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(3)</FONT></SUP><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif> Up to June 2014</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><SUP><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(4)</FONT></SUP><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif> Up to August 2015</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The following table sets forth our beer sales volume in Argentina by category during each of the last three years, including exports to other countries: </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT size=2 face=Arial></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 60%" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="56%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Category</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="44%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Argentina</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="56%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2015</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="56%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Premium</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>18%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>18%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>19%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="56%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Mainstream</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>62%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>62%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>62%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="56%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Convenience</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>20%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>20%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>19%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="56%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Total</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our beer products are bottled or packaged in returnable and non-returnable glass bottles, aluminum cans, or stainless steel kegs at our production facilities. During the last three years, we sold our beer products in Argentina, Uruguay and Paraguay in the following packaging formats:</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> </FONT></U></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 60%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="56%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Container</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="44%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Percentage of Total Beer Sold in Argentina</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="56%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2015</FONT></B></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="56%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Returnable <SUP>(1)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>79%</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>81%</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>76%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="56%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Non-returnable <SUP>(2)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>20%</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>18%</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>23%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="56%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Returnable kegs <SUP>(3)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>1%</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>1%</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>1%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="56%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="56%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=6>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(1) Returnable beer containers include glass bottles of various sizes.</FONT></P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=6>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(2) Non-returnable beer containers include glass bottles and aluminum cans, both of assorted sizes.</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=6>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(3) Returnable kegs refer to stainless steel containers in assorted sizes.</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">41</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp;
<A name=page_45></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader45"></a><DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 60%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Container</FONT></B></P></TD>

   <TD width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="44%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Percentage of Total Beer Sold in Uruguay</FONT></B></P></TD></TR>

<TR>

   <TD vAlign=bottom width="55%" noWrap>&nbsp;</TD>

   <TD vAlign=bottom width="1%" noWrap></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2015</FONT></B></P></TD></TR>

<TR>

   <TD width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Returnable <SUP>(1)</SUP></FONT></P></TD>

   <TD width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>83%</FONT></P></TD>

   <TD width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>39%</FONT></P></TD>

   <TD width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>11%</FONT></P></TD></TR>

<TR>

   <TD width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Non-returnable <SUP>(2)</SUP></FONT></P></TD>

   <TD width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>17%</FONT></P></TD>

   <TD width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>61%</FONT></P></TD>

   <TD width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>89%</FONT></P></TD></TR>

<TR>

   <TD width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Total</FONT></P></TD>

   <TD width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD>

   <TD width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD>

   <TD width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD></TR>

<TR>

   <TD width="100%" colSpan=7 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(1)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" color=#000000 face=Calibri,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>Returnable beer containers include glass bottles of various sizes.</FONT></P></TD></TR>

<TR>

   <TD width="100%" colSpan=7>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(2)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" color=black face=Calibri,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>Non-returnable beer containers include glass bottles and aluminum cans, both of assorted sizes.</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 60%" cellSpacing=0 cellPadding=0 border=0>



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   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Percentage of Total Beer Sold in Paraguay</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="68%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Container</FONT></B></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2015</FONT></B></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="68%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Returnable <SUP>(1)</SUP></FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>10%</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="68%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Non-returnable <SUP>(2)</SUP></FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>90%</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>93%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="68%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=5>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(1) Returnable beer containers considers only litre bottles</FONT></P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=5>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(2)</FONT><FONT style="FONT-SIZE: 7pt" color=black face=Calibri,sans-serif>&nbsp;Non-returnable beer containers include glass bottles and aluminum cans, both of assorted sizes.</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%">&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Wine Operating segment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>VSPT is one of Chile&#8217;s largest producers and distributors of wine in terms of sales volume and Net sales. Our wine Operating segment sales amounted to CLP 152,255 million, CLP 172,349 million and CLP 189,515 million, or 12.7%, 13.3% and 12.6% of our total Net sales in the last three years, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>VSPT is composed of seven different wineries in Chile and two in Argentina. Its principal vineyards are located in Molina, approximately 200 kilometers south of Santiago. The VSPT estate in Molina is one of the largest single-site vineyards in Chile with an area of 1,064 hectares. As of December 31, 2015, VSPT&#8217;s vineyards covered an aggregate of 4,245 hectares in Chile, distributed among 10 different plantations. The winery also has 333 hectares under long-term leases. In Argentina, we have another 379 planted hectares located in the province of Mendoza.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 7pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 7pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The following table indicates the breakdown of VSPT&#8217;s volume in the domestic and export markets, including sales from FLC and Tamar&#237; in Argentina:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 7pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 60%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Year</FONT></U></B></P></TD>

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Domestic Volume</FONT></U></B></P></TD>

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Export Volume</FONT></U></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Total Volume <SUP>(1)</SUP></FONT></U></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="75%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>(in millions of liters)</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2011</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>60</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>67</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>127</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2012</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>61</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>71</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>132</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2013</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>62</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>70</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>131</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2014</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>62</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>70</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>133</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2015</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>62</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>76</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>138</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=4>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(1) Includes bulk sales exports in Chile and Argentina</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%">&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>According to Nielsen, VSPT&#8217;s share by volume of Chile&#8217;s formal wine market was approximately 27.3% in 2013, 28.8% in 2014 and 28.4% in 2015. According to the Wines of Chile Association, VSPT&#8217;s share of Chile&#8217;s total wine export sales by volume was 13.1%, 13.6% and 13.5% in the last three years, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">42</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=ES-CL style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Vi&#241;a San Pedro, Vi&#241;a Tarapaca, Vi&#241;a Leyda, Vi&#241;a Santa Helena, Vi&#241;a Misiones de Rengo, Vi&#241;a Mar, Vi&#241;a Casa Rivas and Finca La Celia and Tamar&#237; in Argentina, produce and market premium, varietal and popular-priced wines. </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The principal brands are set forth below:</FONT></P>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Brand</FONT></U></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Icon</FONT></U></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Premium</FONT></U></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Varietal</FONT></U></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Popular-Priced</FONT></U></B></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Vi&#241;a San Pedro</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Alta&#239;r</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Sideral</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Cabo de Hornos</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Kankana del Elqui</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="9%" colSpan=2>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Tierras Moradas</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1865</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Castillo de Molina</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>&#201;pica</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>35 South Reserva</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>35 South</FONT></P></TD>

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   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="9%" colSpan=2>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Urmeneta</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Gato Negro</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.65pt">

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="9%" colSpan=2>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Vernus</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Selecci&#243;n del Directorio</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="9%" colSpan=2>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Siglo de Oro</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="9%" colSpan=2>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Santa Helena Varietal</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="9%" colSpan=2>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Alpaca</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="9%" colSpan=2>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Gran Vino</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="9%" colSpan=2>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Santa Helena</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="49%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Vi&#241;a Misiones de Rengo</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Misiones de Rengo Cuv&#233;e</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Misiones de Rengo Reserva</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="9%" colSpan=2>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Misiones de Rengo Varietal</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt" vAlign=top width="9%" colSpan=2>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Vi&#241;a Mar</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="40%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Vi&#241;a Mar Reserva Especial</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="40%">

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   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.65pt">

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <TD style="HEIGHT: 11.65pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt" vAlign=top width="13%">

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt" vAlign=top width="40%">

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   <TD style="HEIGHT: 11.65pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Tamar&#237; Reserva</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>X</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD width="1%">&nbsp;</TD>

   <TD width="8%">&nbsp;</TD>

   <TD width="40%">&nbsp;</TD>

   <TD width="10%">&nbsp;</TD>

   <TD width="13%">&nbsp;</TD>

   <TD width="13%">&nbsp;</TD>

   <TD width="16%">&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">43</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The following table presents our breakdown of total sales volume in thousands of liters by category of VSPT&#8217;s wines during 2015:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<DIV align=left>

<DIV align=center>

<TABLE style="WIDTH: 60%" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 15.95pt">

   <TD style="HEIGHT: 15.95pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="50%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>Category</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 15.95pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>Domestic<SUP>(1)</SUP></FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 15.95pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>Export<SUP>(</SUP></FONT><SUP><FONT style="FONT-SIZE: 11pt" color=#000000 face=arial,sans-serif>1)</FONT></SUP></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 15.95pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>Total</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="33%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(in thousands of liters)</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="50%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>Premium</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>5,737 </FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>8,187 </FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>13,924 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="50%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>Varietal</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>7,402 </FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>56,968 </FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>64,370 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="50%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>Popular-Priced</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>49,162 </FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>7,372 </FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>56,534 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="50%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>Bulk</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>151 </FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>3,024 </FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>3,175 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="50%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>Total</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>62,451 </FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>75,551 </FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>138,003 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="84%" colSpan=5>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(1) Includes Finca La Celia and Tamar&#237;</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV></DIV></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>As of December 31, 2015, VSPT&#8217;s storage capacity totaled 88.8 million liters and its peak bottling and packaging capacity totaled 72,000 liters per hour.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Domestic Market</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>. Our Chilean domestic wine is packaged in bottles, jugs, cartons, and bag-in-box containers at VSPT&#8217;s production facilities in Lontu&#233;, Molina and Isla de Maipo. The following chart shows our packaging mix for domestic wine sales for the last three years:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 60%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: #ffffff; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="50%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Container</FONT></B></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="50%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Percentage of Total Domestic </FONT></B><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Wine Sold in Chile</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2015</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="50%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Carton</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>56%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>54%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>51%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="50%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Glass Bottles </FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>44%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>46%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>49%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="50%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Bag-in-Box</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>0%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>0%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>0%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="50%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Total</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD></TR></TABLE><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Beer is a substitute product for wine in Chile. In addition, our wine products may also compete with other alcoholic beverages, such as spirits (mainly pisco), and with non-alcoholic beverages, such as soft drinks and juices.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The average price for our domestic wine customers was CLP 2,008 and CLP 2,065 per liter in 2014 and 2015, respectively, experiencing a growth of 2.8%. Our wine price policy is mainly determined as a consequence of four factors: a) market prices, b) change in sales mix, c) inflation rate and d) desired profit margin in relation to costs of raw materials.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Chilean Export Market</FONT></I></B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>. </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>According to industry sources, exports of Chilean wine increased from approximately 43 million liters in 1990 to 877 million liters in 2015, at a compounded annual growth rate of 13%. During 2014 and 2015, Chilean wine exports reached 801 million liters and 877 million liters, respectively. We believe that Chilean wine exports have grown steadily due to their comparatively low prices and positive international image, as well as due to external factors, such as low wine production in the Northern Hemisphere in certain years. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>VSPT exported from Chile 70 million liters in 2013, 70 million liters of wine in 2014, and 73 million liters of wine in 2015. During 2015, VSPT exported wine to more than 80 countries worldwide. Exports accounted for Net sales of CLP 85,730 million, CLP 102,272 million and CLP 117,450 million, in the last three years, respectively. In 2015, VSPT&#8217;s primary export markets included the United States, Japan, Brazil, Finland, Paraguay, the Netherlands and China.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Most exported wine is sold in glass bottles, except for a certain quantity of unbranded wine that is occasionally sold in bulk, as well as the amount that is sold in bag-in-box containers. The following chart shows our packaging mix for export Chilean wine volume in the last three years:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">44</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 60%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Container</FONT></B></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="BACKGROUND: #ffffff; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="44%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Percentage of Total Export </FONT></B><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Wine Volume from Chile</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="55%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2015</FONT></B></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Glass Bottles<SUP>(1)</SUP></FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>81%</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>85%</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>86%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Bulk</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5%</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3%</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Bag in box</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>14%</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>13%</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>10%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=7>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(1)</FONT><FONT style="FONT-SIZE: 7pt" color=#000000 face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>Includes jugs.</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Raw Materials and other Supplies.</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The main raw materials we use are sugar, malt, rice, grapes, glass bottles, aluminum cans, PET bottles, hops and water. We purchase our sugar requirements both imported and local supply. We obtain our supply of malt through long term contracts with malt suppliers from Chile and Argentina. Rice is sourced from local and international suppliers in spot transactions. We pre-treat rice in order to ensure that it meets our standards of quality.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Water is essential in our production. We obtain all of our water from wells located at our plants and/or from public utilities. The water is treated at facilities located at our plants to remove impurities and to adjust the characteristics of the water before it is used in the production process.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>We own two mineral water sources in Chile from which the Cachantun and Porvenir brand mineral water products are obtained. These water sources are located in two areas near Santiago: Coinco and Casablanca, respectively. All of our mineral water products are bottled at their respective sources and distributed throughout the country. Purified water is produced with water pumped from our wells located in the plant.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>We generally purchase all of the glass bottles used in our packaging from the main local glass suppliers, Cristaler&#237;as Chile S.A. in Chile, and Rigolleau/Cattorini and Owens Illinois Argentina S.A in Argentina. During 2015, all of our requirements for aluminum cans were purchased from global suppliers, Rexam Chile S.A., Rexam Argentina S.A. and Fabricas Monterrey S.A. (&#8220;FAMOSA&#8221;), subisidiary of Crown Holdings. We obtain the labels for our products mainly from local suppliers. Plastic caps are mainly purchased from three suppliers in Chile (including PLASCO), and crowns are currently imported from Mexico.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>We maintain testing facilities at each of our plants and factories where raw materials are analyzed according to our standards. Additionally, the samples are analyzed at various stages of production to ensure product quality. For example, samples of Heineken, Cristal and Budweiser beer are periodically sent to The Netherlands and to Anheuser-Busch facilities in the United States, respectively, to verify the quality of the product, samples of Nestl&#233; Pure Life water are sent to France, and samples of Pepsi and Schweppes are analyzed by PepsiCo either at our plants or at the point of sale.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Prices of our main raw materials used in the production are tied to the U.S. dollar, and have fluctuated in Chilean and Argentine peso terms due to general commodity price fluctuations in the international markets as well as to the variation of the Chilean and Argentine peso against the U.S. dollar. In addition, from time to time, prices of grapes and wine have varied depending on fluctuations in demand and supply factors.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>We believe that all of the contracts or other agreements between us and third-party suppliers, with respect to the supply of raw materials, contain standard and customary commercial terms and conditions. We do not believe we are dependent on any one supplier for a significant portion of our raw materials. During the past ten years, we have not experienced any material shortage or difficulties in obtaining adequate supplies of necessary raw materials, nor do we expect to do so in the future.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">45</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>VSPT&#8217;s main raw materials and packaging materials are purchased and harvested grapes, purchased wine, bottles, carton containers, corks and cardboard boxes. VSPT obtained approximately 48.0% of the grapes used for export wines from its own vineyards during 2015. Of the wine sold in the domestic market, 11.6% are grapes from our vineyards. In 2015, approximately 53.0% of the wine used in domestic and export sales was purchased from ten local producers: Vinicola Patac&#243;n SPA, Agricola y Comercial Bodegas de las Mercedes Ltda, Anatolio Segundo Albornoz Vargas, Aguilera y Barrios Ltda, Vitivinicola Melior Ltda, Vi&#241;edos Errazuriz Ovalle S.A, Vi&#241;edos Gurfinkel Ltda, Juan Manuel Diaz Abasolo, Cooperativa Agr&#237;cola y Pisquera Elqui Ltda, Sociedad Agroindustrial Cerrillos Ltda, AMS Family S.A. VSPT has various alternative sources of supply, which can be used when they are attractive. VSPT&#8217;s bottles are mainly purchased from Cristaler&#237;as Chile and Verallia; however, when prices have been favorable, VSPT has purchased bottles from other local and international suppliers. Carton containers are purchased either from Tetra Pak de Chile Comercial Ltda. or from SIG Combibloc Inc. and are assembled in VSPT&#8217;s own automated packing lines.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT></I></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Sales, Transportation and Distribution.</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Chile Operating segment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>We distribute all of our products in Chile directly to retail, supermarket and wholesale customers. This system enables us to maintain a high frequency of contact with our customers, obtain more timely and accurate marketing-related information, and maintain good working relationships with our retail customers.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>After production, bottling and packaging, our beverages are either stored at one of our production facilities or transported to a network of 24 owned or leased warehouses that are located throughout Chile. Products are generally shipped from the region of production to the closest warehouse, allowing us to minimize our transportation and delivery costs.</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In July 2002, Comercial Patagona Limitada began selling all of our beer products in the Chile&#8217;s Region XII. Comercial Patagona Limitada is a subsidiary of Cervecera Austral and is responsible for the sales and distribution of our products and those of Cervecera Austral in Chile&#8217;s extreme south.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In October 2005, we launched Comercial CCU, a subsidiary responsible for a single sales force dedicated to selling our beverage and sweet snack products, in order to capture synergies and focus on sales execution. Originally, this plan was piloted in rural areas and small cities in southern Chile. As of 2008, the territory covered by Commercial CCU S.A. has expanded to include the north of Chile from Arica to Copiap&#243;/Vallenar, and the south, from Curic&#243; to Coyhaique except for the city of Concepci&#243;n.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In 2015, we had a dedicated sales force of approximately 565 salespeople, responsible for sales of our products in the territories not covered by Comercial CCU or Comercial Patagona Limitada. This sales force uses a pre-sell system, like the rest of CCU&#8217;s sales platform, and covers approximately 78,185 clients, including 26 supermarket chains, which represent 79,103 points of sales. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>As of December 31, 2015, we had more than 134,363 customers in Chile for our products</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>None of our customers accounted for more than 2.3% of our total sales by volume, with the exception of three large supermarket chains that represented in the aggregate 26.9% of our total sales by volume. During 2015, the Chilean supermarket industry continued to consolidate, increasing the importance and purchasing power of a few supermarket chains. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our customers make payment for our products either in cash at the time of delivery or in accordance with one of several types of credit arrangement we offer. Payment on credit sales for the Chile Operating segment are generally due 28 days from the date of delivery. Credit sales accounted for 39.2%, 40.0% and 39.8% of our sales in Chile during 2013, 2014 and 2015, respectively. Losses on credit sales in Chile have not been significant.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">46</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Beginning in October 2001, all of the warehouses and transportation companies used to store and deliver all of our products are managed on a consolidated basis by our TCCU.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>We distribute our products throughout Chile to:</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -18pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>off-premises retail: small and medium-sized retail outlets, which in turn sell beer to consumers for take-out consumption;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>on-premises retail: retail establishments such as restaurants, hotels and bars for on-premises consumption;</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -18pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>wholesalers; and </FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -18pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>supermarket chains. In the last three years, the percentage mix of the above distribution channels for our products in Chile was as follows:</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -18pt" align=left>&nbsp;</P>

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<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: #ffffff; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="100%" colSpan=7>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Percentage of Total Products Sold</FONT></B></P></TD></TR>

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   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Distribution Channels</FONT></B></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2013</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2015</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Off-premise retail</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>41%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>41%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>41%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>On-premise retail</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>14%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>10%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>11%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Wholesalers</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>13%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>14%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>14%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Supermarkets </FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>32%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>35%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>34%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Total</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD></TR></TABLE><FONT lang=PT-BR style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>&nbsp;</FONT></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT></I></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>International Business Operating segment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>After production, bottling and packaging, our beer is either stored at the production facilities or transported to a network of six warehouses leased or owned by us. Beer products are generally shipped to warehouses which are located within the region in which the beer products are sold.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>We have the capacity to reach 159,411 points of sale in Argentina with our direct and indirect sales force. Half of our beer in Argentina is sold and distributed through third-party sales and distribution chains. As of December 31, 2015, we had a direct sales force which sold our beer products to approximately 89,500 customers within Salta, San Juan, San Luis, Mendoza, C&#243;rdoba, Santa F&#233;, Rosario, the Federal Capital and its outlying metropolitan area, in addition to 78 regional and national supermarket chains throughout the country. None of our customers individually accounted for more than 3.2% of our total beer sales by volume, with the exception of Coca Cola bottlers that represented in the aggregate 19.1% of our total sales by volume.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In Argentina, though most beer is sold to wholesalers, we also sell our products to retailers and supermarket chains. In the last three years, the percentage mix of the above distribution channels for our beer products in Argentina was as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 60%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 0pt">

   <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width="100%" colSpan=7>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Argentina</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Distribution Channels</FONT></B></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2015</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Wholesalers</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>54%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>50%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>49%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Retailers</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>31%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>33%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>31%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Supermarkets </FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>16%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>17%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>20%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Total</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 3px double" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 3px double" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 3px double" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD></TR></TABLE>&nbsp;</DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our International Business customers either make payments for our products in cash at the time of delivery or through one of our various credit arrangements. In Argentina, payment on credit sales is currently due 15 days from the date of delivery to wholesalers, and an average of 71 days of delivery to supermarkets. Credit sales in Argentina accounted for 88% of total sales during 2015, while in Uruguay and Paraguay they accounted for 95% and 38% of total sales, respectively.</FONT></P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">47</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm 6pt 35.4pt; TEXT-INDENT: -35.4pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Wine Operating segment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Domestic. </FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>After production, bottling, and packaging, wine is either stored at the production facilities or transported to one of our 24 warehouses located throughout Chile. VSPT wines are distributed and sold in Chile through our sales and distribution network, under the same system and payment terms as all our other products.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>We distribute our wine products throughout Chile in the territories not covered by Comercial CCU or Comercial Patagona Limitada, with our own sales force, to:</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -18pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>off-premises retail: small and medium-sized retail outlets, which in turn sell wine to consumers for take-out consumption;</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -18pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>on-premises retail: retail establishments such as restaurants, hotels and bars for on-premises consumption;</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -18pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>wholesalers; and </FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -18pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>supermarket chains.</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>For the last three years, the percentage mix of the above distribution channels for our wine products in Chile was as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 60%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Distribution Channels</FONT></B></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2015</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Off-premise retail</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>34%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>34%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>33%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>On-premise retail</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>5%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>5%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>5%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Wholesalers</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>24%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>22%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>24%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Supermarkets</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>37%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>39%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>38%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Total</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>We sell our wine products directly to approximately 7,700 customers, none of which accounted for more than 10% of our total wine sales by volume, with the exception of four supermarket chains that represented in the aggregate 33% of our total wine sales by volume. We do not maintain any long-term contractual arrangements for the sale of wine with any of our customers. </FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Export.</FONT></I></B><I><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>VSPT has a presence in more than 80 countries. In order to increase its presence in the international market, VSPT has distribution agreements with key distributors, such as Pernod Ricard in Sweden, Finland, Norway and Estonia; Shaw Ross International in the U.S. ; Asahi in Japan; Interfood in Brasil; DGS and Baarsma in Holland and Denner in Switzerland. In Canada we have distribution agreements with Phillipe Dandurand wines, in Korea with Keumyang, as well as agreements with other distributors. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Seasonality</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Chile Operating segment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>As a result of the seasonality of our different beverages, our sales and production volumes are normally at their lowest in the second and third calendar quarters and at their highest in the first and fourth calendar quarters (i.e., those months corresponding to the holidays as well as the summer vacation season in Chile).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The following table shows our annual sales volume of beer, non-alcoholic beverages and spirits in Chile, excluding exports, by quarter in the last three years:</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">48</FONT></P>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Seasonality Chile Operating segment</FONT></B></P></TD></TR>

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   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Year</FONT></B></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Quarter</FONT></B></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Sales Volume</FONT></B></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>% of Annual <B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Sales Volume</FONT></B></FONT></B></P></TD></TR>

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   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>(millions of liters)</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 5.75pt">

   <TD style="HEIGHT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=Calibri,sans-serif>2013</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=Calibri,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1<SUP>st</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>427.3</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>27%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=Calibri,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2<SUP>nd</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>314.1</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>20%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=Calibri,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3<SUP>rd</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>341.5</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>22%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=Calibri,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4<SUP>th</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>474.2</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>30%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=Calibri,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>1557.0</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD></TR>

<TR style="HEIGHT: 5.75pt">

   <TD style="HEIGHT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=Calibri,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 5.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=Calibri,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2014</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1<SUP>st</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>455.5</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>28%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2<SUP>nd</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>334.7</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>21%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3<SUP>rd</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>354.8</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>22%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4<SUP>th</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>476.6</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>29%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>1621.6</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD></TR>

<TR style="HEIGHT: 5.75pt">

   <TD style="HEIGHT: 5.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2015</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1<SUP>st</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>473.8</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>28%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2<SUP>nd</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>361.9</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>21%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3<SUP>rd</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>366.8</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>22%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4<SUP>th</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>484.0</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>29%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>1686.5</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>International Business Operating segment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>As a result of the seasonality of the beverage industry with respect to the categories in which we participate, our sales and production volumes are normally at their lowest in the second and third calendar quarters and at their highest in the first and fourth quarters (i.e., those months corresponding to the summer and holiday seasons in the region). The following table shows the annual sales volume for the International Business operating segment, including exports, during each quarter in the last three years:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 60%" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 0pt">

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=7>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Seasonality International Business Operating segment</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Year</FONT></B></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Quarter</FONT></B></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Sales Volume(*)</FONT></B></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>% of Annual <B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Sales Volume</FONT></B></FONT></B></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>(millions of liters)</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 5.75pt">

   <TD style="HEIGHT: 5.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 5.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 5.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 5.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2013</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1<SUP>st</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>142.4</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>28%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2<SUP>nd</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>87.3</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>17%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3<SUP>rd</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>109.1</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>22%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4<SUP>th</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>168.3</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>33%</FONT></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>507.1</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD></TR>

<TR style="HEIGHT: 5.75pt">

   <TD style="HEIGHT: 5.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 5.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 5.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 5.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2014</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1<SUP>st</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>149.5</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>28%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2<SUP>nd</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>96.7</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>18%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3<SUP>rd</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>114.9</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>21%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4<SUP>th</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>176.5</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>33%</FONT></P></TD></TR>

<TR style="HEIGHT: 16.7pt">

   <TD style="HEIGHT: 16.7pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 16.7pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 16.7pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>537.5</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 16.7pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD></TR>

<TR style="HEIGHT: 5.75pt">

   <TD style="HEIGHT: 5.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2015</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1<SUP>st</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>154.6</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>27%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2<SUP>nd</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>108.9</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>19%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3<SUP>rd</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>127.3</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>22%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4<SUP>th</SUP> quarter</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>179.0</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>31%</FONT></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 11.65pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>569.7</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 11.65pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD></TR>

<TR style="HEIGHT: 4.3pt">

   <TD style="HEIGHT: 4.3pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="37%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 4.3pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 4.3pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 4.3pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=7>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=#333333 face=arial,sans-serif>(*) Includes Uruguay since September 2012 and Paraguay since January 2014</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>&nbsp;</FONT></P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">49</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



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<a name="_bclHeader53"></a><DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Geographical Markets.</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our principal beverages production facilities in Chile are located in Santiago. Santiago and the surrounding areas (referred to as the Metropolitan Region) account for approximately 40% of the population of Chile and accounted for approximately 41% of our sales in Chile by volume in 2015. We also have one additional beer and non-alcoholic production facility in Temuco and two other beer facilities, in Valdivia (Kunstmann) in Punta Arenas (Austral), all of which are located in the southern region of Chile. We also have a non-alcoholic production and bottling facility in Antofagasta. Currently most of our brands are primarily supplied and distributed from these production facilities. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The following table provides the distribution of VSPT&#8217;s exports from Chile during 2015 by geographical markets:</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left>&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 60%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: #ffffff; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="58%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Market</FONT></B></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Volume <SUP>(1)</SUP></FONT></B></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Percentage of </FONT></B><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Total Exports</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="58%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>(thousands of liters)</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="58%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Europe</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>22,973</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>33%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="58%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Latin America</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>17,238</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>25%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="58%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>USA and Canada</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>8,302</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>12%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="58%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Asia and Oceania</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>21,163</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>30%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="58%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Total</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>69,676</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>100%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="100%" colSpan=5>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(1) Excludes bulk exports</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The Metropolitan Region represented approximately 41</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>%</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> of total domestic sales of VSPT products by volume in 2015.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Competition.&nbsp; </FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Chile Operating segment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The beer market in Chile is driven by the competitive environment of locally produced and imported beers, promoting among other factors an estimated average industry volume growth rate of 5% over the last ten years. </FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our largest competitor in the beer business is Cervecer&#237;a Chile (a subsidiary of AB InBev), which commenced operations in Chile during the second half of 1991. Cervecer&#237;a Chile has one production facility located in Santiago and also imports products from various beer operations abroad. They distribute their products throughout Chile using a mix of direct distribution and third party distributors.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Other relevant players in the beer market in Chile include DESA, which, in addition to Cervecer&#237;a Chile, distributes the Corona beer brand in Chile, and Vi&#241;a Concha y Toro through its subsidiary Distribuidora Peumo, which imports and distributes the Miller beer brand along with a number of local craft beers. In addition, a number of small direct importers of several international brands compete in the beer market in Chile.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our principal competitors in the non-alcoholic beverages business are companies which produce, bottle and distribute soft drinks in Chile under licenses from The Coca-Cola Company (&#8220;TCCC&#8221;) and its affiliates. The two principal soft drinks players in Chile are the licensees of TCCC and us. TCCC operates through Embotelladora Andina S.A. and Coca-Cola Embonor S.A. In October 2012, Embotelladora Andina S.A. merged with Coca-Cola Polar S.A., where Embotelladora Andina S.A. absorbed Coca-Cola Polar S.A. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">50</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Fruit nectars under the trade name &#8220;Watt&#8217;s&#8221; face competition from other soft drinks, which are sold by a number of local companies. Our principal competitor in the mineral water business is Vital S.A. (a subsidiary of Embotelladora Andina S.A., one of TCCC licensees in Chile).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>TCCC&#8217;s products are produced, bottled and distributed in Chile through two separate licensees which market soft drinks under the Coca-Cola, Coca-Cola Light, Coca-Cola Zero, Fanta, Fanta Light, Sprite, Sprite Zero, Quatro Light, Nordic Mist, Ta&#237;, Andina nectars and juices, and Kapo juice brand names.</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our domestic competitors in the soft drinks business have benefited from both internationally recognized brand labels (especially with regard to the Coca-Cola product line) and a large number of local bottling companies distributing their products throughout Chile. As a result of the formation of ECUSA, we also similarly benefited from the internationally recognized Pepsi brand as well as our competitive strengths, which include a portfolio of nationally well-known brands and a nationwide distribution system.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Given the high percentage of soft drink sales volumes in returnable containers coupled with the high cost of transportation to Chile, the market for imported soft drinks in Chile is not significant in 2014. While there are no legal barriers to entry, we believe that the existing returnable bottle system and high transportation costs may continue to deter potential competitors from exporting soft drinks to Chile.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>With respect to pisco, our competitor Capel has nine production facilities located in Regions III and IV of Chile and distributes its products throughout the country. Capel uses its own sales force, as well as third-party distributors. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>While there are currently no significant legal or regulatory barriers to entering the Chilean beverages market, substantial investment would be required to establish or acquire production and distribution facilities and bottles for use in Chile&#8217;s proprietary returnable bottling system, and to establish a critical mass in sales volumes. Nevertheless, if long-term economic conditions in Chile continue to be favorable, other enterprises may be encouraged to attempt to enter the Chilean market. In addition, our brands in Chile may face increased competition from other beverages, produced or marketed by other parties.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The following chart shows estimates of our Chile market share for the last five years based on store audits conducted by Nielsen. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 50%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 14.5pt">

   <TD style="HEIGHT: 14.5pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Year</FONT></B></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 14.5pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width="70%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Chile Operating segment Volume market share</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="29%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="70%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="29%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2011</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="70%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>37.9%</FONT></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="29%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2012</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="70%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>38.1%</FONT></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="29%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2013</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="70%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>40.0%</FONT></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="29%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2014</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="70%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>40.8%</FONT></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="29%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2015</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="70%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>41.5%</FONT></P></TD></TR></TABLE>&nbsp;</DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>International Business Operating segment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Since 2003, after the agreement between Quilmes and AmBev, the Argentine beer market consisted of three principal brewing groups: AmBev-Quilmes, us and CASA Isenbeck. The principal proprietary brands of these companies are Quilmes, Schneider and Isenbeck, respectively. In December 2006, ICSA, a new competitor, entered the Argentine beer market. ICSA began its operations at the former AmBev brewery in Luj&#225;n producing three beer brands: Palermo, Bieckert and Imperial, which had previously belonged to Quilmes. These assets were sold by AmBev-Quilmes in response to requirements of the antitrust authorities in Argentina. In 2008, these assets were bought by CCU Argentina and subsequently merged into CICSA. In November 2010, SABMiller acquired CASA Isenbeck.</FONT></P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">51</FONT></P>

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<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader55"></a><DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The following table shows estimates of the market share of our International Business Operating segment (including Beer and Cider (since 2011) in Argentina, CSD and Mineral Water in Uruguay) for the last five years based on ID Retail sources for Uruguay and Nielsen source for Argentina.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 50%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: #ffffff; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Year</FONT></B></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="70%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>International Business Operating segment Volume market share</FONT></B></P></TD></TR>

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   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="70%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2011</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="70%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>16.8%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2012</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="70%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>15.7%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2013</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="70%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>16.9%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2014</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="70%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>17.1%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2015</FONT></P></TD>

   <TD vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="70%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>18.2%</FONT></P></TD></TR></TABLE>&nbsp;</DIV>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Quilmes, the beer market leader in Argentina and our principal competitor, also has beer operations in Chile, Paraguay, Uruguay and Bolivia. As of December 31, 2015, Quilmes had five breweries in Argentina with an estimated total annual production capacity of 1600 million liters. Quilmes&#8217; large size enables it to benefit from economies of scale in the production and distribution of beer throughout Argentina. In 1994, Companhia Cervejaria Brahma, one of the two largest beer producers in Brazil, commenced production at its new brewery in Luj&#225;n, near Buenos Aires, which at present belongs to CCU Argentina. In addition, Warsteiner (today SABMiller), a large German brewer, commenced production at its new brewery in Z&#225;rate, also near Buenos Aires, with an annual production capacity estimated to be approximately 140 million liters. Prior to commencing production in Argentina, Companhia Cervejaria Brahma and Warsteiner competed in the Argentine market with imported beer. In July 1999, the merger of Companhia Cervejaria Brahma and Companhia Antarctica Paulista was announced, creating AmBev. This merger was finally approved in March 2000, creating one of the largest beverage producers in the world.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In May 2002, AmBev and Quilmes announced that pursuant to an agreement between both parties, AmBev would transfer all of its beer assets in Argentina, Bolivia, Paraguay and Uruguay to Quilmes in exchange for 26.4 million new B shares of Quilmes. Additionally, according to that announcement, AmBev would purchase from the controlling shareholders of Quilmes 230.92 million class A shares for US$346.4 million. The agreement further stipulated that AmBev can purchase at the end of a seven-year period the remaining Quilmes shares owned by the current controlling group, the Bemberg family, with AmBev shares. The Bemberg family had the option to sell to AmBev their remaining class A shares during a period beginning with the end of the first year and ending with the seventh year after the agreement was announced. This option was exercised in April 2006. This transaction was approved by the Argentine antitrust authorities on January 13, 2003, subject to the condition that AmBev and Quilmes divest themselves of certain brands and the AmBev plant in Luj&#225;n, near Buenos Aires, to a company currently not present in the Argentine beer market. On February 14, 2003, through our subsidiary CICSA, we filed a complaint before the Argentine federal courts in order to be eligible to participate in the acquisition of these assets. In February 2006, the Argentine Supreme Court of Justice ruled against our complaint. In December 2006, the Argentine authorities approved the sale of these assets to ICSA, a company owned by local investors. On March 3, 2004, AmBev and Interbrew announced an agreement to merge the two companies, creating the world&#8217;s largest brewer under the name InBev. This merger was closed in August 2004. On November 18, 2008 Anheuser Busch and InBev merged creating the global beer leader. Consolidation in the beer industry has resulted in larger and more competitive participants, which could change the current market conditions under which we operate. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In 2010 SABMiller bought Casa Isenbeck (Isenbeck, Warsteiner and La Diosa brands) and launched Miller Genuine Draft and Miller Lite beer in Argentina. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>During 2015 SAB Miller plc accepted an offer from AB Inbev to merge its operations. As a result of the merger between AB Inbev and SAB Miller plc, Quilmes and CASA Isenbeck would become one </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>player. See &#8220;Risk Factors &#8211; Risks Relating to Our Business &#8211; Consolidation in the beer industry may impact our market share.&#8221;</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our beer brands in Argentina also face competition from other alcoholic beverages, such as wine and spirits, as well as from non-alcoholic beverages, such as soft drinks.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Wine Operating segment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The wine industry is highly competitive in both the domestic and the export markets. In Chile, VSPT competes directly against all other Chilean wineries. We believe that VSPT&#8217;s primary domestic competitors, Concha y Toro and Santa Rita, derive their relative competitive strengths from their wide portfolio of products, well-recognized brand names and established distribution networks. In 2015, Concha y Toro and Santa Rita had a market share of approximately 28.1% and 31.6%, respectively. VSPT also competes with Santa Carolina and numerous medium-sized wineries, including Undurraga and Cousi&#241;o Macul, and many small wine producers that make up Chile&#8217;s informal wine market. </FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Internationally, VSPT competes against Chilean producers as well as with wine producers from other parts of the world. According to information compiled by the Wineries of Chile Association, VSPT is the second-largest exporter of Chilean wines with a market share of approximately 13.5% in 2015, excluding bulk wine. Our other principal Chilean competitors, namely Concha y Toro, Santa Rita and Santa Carolina had market shares of 32.8%, 4.5% and 4.9%, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The following table shows estimates of the volume market share of our Wine Operating segment (excluding bulk wine sales) for the last five years according to Nielsen figures for domestic wine and Vi&#241;as de Chile for export figures.</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Year</FONT></U></B></P></TD>

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Wine Operating segment Volume market share</FONT></U></B></P></TD></TR>

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   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="36%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2011</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>16.0%</FONT></P></TD></TR>

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   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="36%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2012</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>17.3%</FONT></P></TD></TR>

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   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="36%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2013</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>17.6%</FONT></P></TD></TR>

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   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="36%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2014</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>18.3%</FONT></P></TD></TR>

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   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="36%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2015</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>17.9%</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT></I>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt; TEXT-INDENT: -35.4pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Other</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT></I></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Distribution Network</FONT></I></B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>.</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> In Chile, we have an extensive and integrated distribution network for the sale and distribution of beer, soft drinks, mineral water, purified water, functional beverages, nectars, wine, pisco, rum, whiskey, vodka and sweet snacks products with capacity to reach approximately 134,363 points of sale. The network includes a total of 24 owned or leased warehouses and a network of independent transportation companies handled by TCCU. Sales are performed by category-specific sales forces and by Comercial CCU, which has a sales force of approximately 503 people who sell our products to approximately 46,417 customers in the northern area of Chile from Arica to Copiap&#243;/Vallenar and in the mid-south area from Curic&#243;/Talca through Coyhaique, except for Concepci&#243;n. In the far south of Chile, in Punta Arenas, Comercial Patagona Limitada does the selling for all our products, reaching 538 customers. In the central parts of the country and in the City of Concepci&#243;n, there are dedicated sales forces that focus on single lines of products. Product distribution is carried out by TCCU throughout the country or by Comercial Patagona Limitada in its territory.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In Argentina we have the capacity to reach 159,411 points of sale. Our network of sales and distribution for our products consists of six owned or leased warehouses, a direct sales force and 10 logistics operators serving approximately 89,500 customers and more than 78 supermarket chains stores. Approximately 19.1% of beer sales volume is served by two independent Coca Cola bottlers (mainly in the north and south of the country).</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Plastic Bottles. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Through our subsidiary PLASCO, we own and operate a plastic factory in Renca which supplies most of the pre-forms, returnable and non-returnable bottles and caps, primarily used by us in the packaging of our soft drinks and water products. Additionally, PLASCO has three blowing bottle machines in ECUSA at Santiago facilities and two in Antofagasta.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The manufacturing of both returnable and non-returnable plastic bottles involves a two-step process. The first step consists of an injection molding process, which manufactures pre-forms from PET resin. The second step involves blowing plastic bottles from the molded pre-forms. We purchase resin and complete the two-step process in order to fulfill the majority of our bottling requirements. In some cases, we purchase pre-forms manufactured by third party suppliers and complete only the bottle-blowing step at our own facilities.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The manufacturing of plastic caps for carbonated soft drinks and water also involves a two-step process. The first consists of a compress molding process, which manufactures caps from PP resin. The second step is the decoration of plastic caps with an offset printing process. For juices and Gatorade we produce caps in a one step process with another raw material (HDPE).</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Government Regulation</FONT></U></B></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Government Regulation in Chile</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>We are subject to the full range of governmental regulation and supervision generally applicable to companies engaged in business in Chile. These regulations include labor laws, social security laws, public health, consumer protection, environmental laws, securities laws, and antitrust laws. In addition, regulations exist to ensure healthy and safe conditions in facilities for the production, bottling, and distribution of beverages. For a more detailed discussion of environmental laws, see &#8220;Item 4.D. Environmental Matters&#8221;.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Regulations specifically concerning the production and distribution of &#8220;alcoholic beverages&#8221; are contained in Chilean Law N&#176;18,455 and its Ordinance, which set the standards for human consumption of such beverages, by minutely describing the different types of alcohol; the minimum requirements that must be met by each class of beverage; raw materials and additives that may be used in their manufacture; their packaging and the information that must be provided by their labels; and the procedure for their importation, among others.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Additional regulations concerning wine origin denominations are contained in Executive Decree N&#176; 464 of the Ministry of Agriculture, dated December 14, 1994, which also laid out the wine-growing regions and set rules regarding grape varieties, vintage year, labeling and selling requirements. Pisco origin denominations, also applicable to us, are regulated in Executive Decree N&#176; 521 dated May 27, 2000 of the Ministry of Agriculture and likewise contains provisions relating to pisco producing regions, raw material standards, manufacturing procedures, packaging and labeling.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The large-scale production of alcoholic beverages does not need any licenses or permits other than those required for the general run of commercial and industrial enterprises engaged in the manufacture of consumer commodities.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>On January 19, 2004 Law N&#176;19,925 was published, which amended and restated the Act on Sale and Consumption of Alcoholic Beverages (former Law N&#176;17,105).</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>All establishments dealing in alcoholic beverages, whether wholesale or retail, require a special municipal license, the cost of which is fixed by the law and varies according to the nature of the outlet or point of sale (i.e. liquor store, tavern, restaurant, hotel, warehouse, etc.). We are in possession of all licenses necessary for our wholesale operations.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Law N&#176;19,925 set new opening and closing hours; limited geographical areas for the sale of alcohol; reduced the maximum number of licenses to be granted by zones and population; increased criminal liability for selling alcohol to persons under eighteen years of age; and tightened the restrictions, imposing prison sentences and higher fines, for violations formerly deemed lighter. One of its most important innovations is to forbid the sale of alcohol to minors at all outlets, and not just for on-premises drinking (the only exception retained is the case of children who are served meals when accompanied by their parents).</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The regulatory agency for alcoholic beverages is the Servicio Agricola y Ganadero (&#8220;SAG&#8221;). </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The production, bottling and marketing of non-alcoholic beverages is subject to applicable sanitary legislation and regulations, particularly the Sanitary Code and the Food Ordinance (the Reglamento Sanitario de los Alimentos).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Non-alcoholic beverages are also subject to the provisions of Law N&#176; 20,606 on Nutritional Composition of Food and Advertising enacted in 2012, Decree No. 13 of Ministry of Health enacted on June 26, 2015, which amended the Food Ordinance referred to above, and Law N&#176; 20.869 on Food Advertising, enacted on November 13, 2015, which set certain restrictions on advertising, labeling and marketing of foods that are qualified as " high" in calories or any of the defined critical nutrients, such as sodium, sugar and saturated fats.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Law N&#176;19,937, which was enacted in February 2004, established a new structure and powers for the Sanitary Authority, and became effective on January 1, 2005 and was fully operative by February 2006. The Servicios de Salud (&#8220;Health Services&#8221;) was replaced by the Ministry of Health&#8217;s Regional Offices, which constitute the new Sanitary Authorities, and inspect plants on a regular basis, taking samples for analysis, directing the adoption of new safety procedures and applying fines and other penalties for infringement of regulations.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The production and distribution of mineral water is also subject to special regulation. Mineral water may only be bottled directly from sources, which have been designated for such purpose by a Supreme Decree signed by the President of Chile. The competent Sanitary Authority provides a certification of the data necessary to achieve such a designation. All of our facilities have received the required designation.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Independently of the products manufactured or services provided in each plant or facility, the premises are also regularly inspected by the Sanitary Authorities, regarding sanitary and environmental conditions, labor safety, and related matters.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>There are currently no material legal or administrative proceedings pending against us in Chile with respect to any regulatory matter. We believe that we are in compliance in all material respects with all applicable statutory and administrative regulations with respect to our businesses in Chile.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Government Regulation in Argentina</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>We are subject to the full range of governmental regulation and supervision generally applicable to companies engaged in business in Argentina, including social security laws, public health, consumer protection and environmental laws, securities laws and antitrust laws.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>National Law N&#176;18,284 (the Argentine Food Code, or the &#8220;Food Code&#8221;) regulates the manufacturing and packaging of food and beverages. The Food Code provides specific standards with which manufacturing plants must comply and regulates the production of food and beverages mentioned in the Food Code. The Food Code also specifies the different methods in which beer may be bottled as well as the information to be provided on labels. National Law N&#176; 24,788, enacted in March 1997, established the national minimum age requirements for the purchase of alcoholic beverages. Under this law the sale of alcoholic beverages is not permitted to persons under 18 years of age, and the health authorities of each province undertake the enforcement of the Food Code. In the </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Federal Capital and many provinces of Argentina, local law restricts the sale of alcoholic beverages, particularly between the hours of 11 p.m. and 8 a.m., and establishes harsh penalties for infringement.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>There are currently no material legal or administrative proceedings pending against us in Argentina with respect to any regulatory matter. We believe that we are in compliance in all material respects with all applicable statutory and administrative regulations with respect to our business in Argentina.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Government Regulation in Uruguay </FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In Uruguay, we are subject to the full range of governmental regulation and supervision generally applicable to companies engaged in business in said country. As a closed corporation, our subsidiary is principally governed by Law N&#176; 16,060, which regulates all commercial companies. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The main applicable laws are Decree 315/94 containing the National Bromatological Regulations, Code of Children and Adolescents regulating aspects related to sale and advertising of alcoholic beverages, Law No. 17,849 and its regulatory decree 260/07 regulating Integrated Packaging Management System, Mercosur Technical Regulations for labeling of packaged food, and Law N&#176; 19,196 governing the criminal liability of employers for breach of occupational safety rules when it threatens or causes damage to the lives of workers.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Government Regulation in Paraguay</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In Paraguay, Bebidas del Paraguay and Distribuidora del Paraguay S.A. are governed by Articles 1048 to 1159 of Law N&#176; 1183/85 Civil Code and its subsequent amendments: (i) Law N&#176; 388/94 creating detailed rules on the establishment or formation, capital and powers of the assembly of corporations and (ii) Law N&#176; 3228/07 which, in turn, modifies N&#176; 388/94 regarding formalities for the organization of corporations.</FONT></P>

<P style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In addition, for the import, sale and advertising of alcoholic and non-alcoholic beverages, the corporation Bebidas del Paraguay is subject to the provisions of the Health Code Law N&#176; 836/80, Law N&#176; 1,333/98 on advertisement and promotion of tobacco and alcohol, Law N&#176; 1.642/00 prohibiting the sale of alcoholic beverages to minors and its consumption on public roads, Executive Decree N&#176; 1635/99 and Resolution of the Ministry of Public Health and Social Welfare N&#176; 643/12 regulating aspects relating to registration of food products.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>B.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Organizational Structure </FONT></U></B></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Ownership Structure as of March 31, 2016</FONT></P>

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<IMG border=0 src="f_2015v101x60x1.jpg"></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>We are controlled by IRSA, which owns directly and indirectly 60.0% of the shares of our common stock. IRSA, since 1986, was a joint venture between Qui&#241;enco and the Sch&#246;rghuber Group through its wholly owned subsidiary FHI of the Netherlands. On April 2003, the Sch&#246;rghuber Group sold FHI to Heineken Americas B.V., a subsidiary of Heineken International B.V. FHI and Heineken International B.V. formed Heineken Chile Ltda., through which 50% of IRSA shares are held. On December 30, 2003, FHI merged into Heineken Americas B.V. Currently, Qui&#241;enco and Heineken Chile Ltda., a Chilean limited corporation controlled by Heineken Americas B.V., are the only shareholders of IRSA, each with a 50% equity interest.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Qui&#241;enco is the holding company of one of the largest and most diversified business conglomerates in Chile, with investments in various sectors of the Chilean economy. Apart from CCU, Qui&#241;enco&#8217;s principal holdings include Banco de Chile (a leading financial institution in Chile), Invexans S.A. (the largest shareholder of the French cable producer Nexans S.A.), Tech Pack S.A. <SUP>(1)</SUP> (a leading manufacturer of flexible packaging in Latin America), Empresa Nacional de Energ&#237;a Enex S.A. (the second-largest retail fuel distributor in Chile), Compa&#241;&#237;a Sud Americana de Vapores S.A. (main shareholder of Hapag-Lloyd A.G., one of the largest container ship operators worldwide), and Sudamericana Agencias A&#233;reas y Mar&#237;timas S.A. (one of the largest port operators in South America and the fourth largest tugboat operator worldwide).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Heineken, the Dutch brewer, is one of the largest brewers in the world with over 156 breweries in more than 70 countries and 73,767 employees worldwide. Heineken group&#8217;s beer volume was 188.3 million hectoliters during 2015, and its principal brands are Heineken and Amstel.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: -0.1pt" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The following table provides our significant subsidiaries as of December 2015:</FONT></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Subsidiaries</FONT></U></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=top width="24%">

   <P style="MARGIN: 0cm 0cm 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Country</FONT></U></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=top width="31%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Ownership Interest</FONT></U></P></TD></TR>

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   <TD vAlign=top width="45%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Cervecer&#237;a CCU </FONT></P></TD>

   <TD vAlign=top width="24%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Chile</FONT></P></TD>

   <TD vAlign=top width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>100.00%</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="45%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>CCU Argentina</FONT></P></TD>

   <TD vAlign=top width="24%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Argentina</FONT></P></TD>

   <TD vAlign=top width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>100.00%</FONT></P></TD></TR>

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   <TD vAlign=top width="45%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>ECUSA</FONT></P></TD>

   <TD vAlign=top width="24%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Chile</FONT></P></TD>

   <TD vAlign=top width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>99.93%</FONT></P></TD></TR>

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   <TD vAlign=top width="45%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Aguas CCU-Nestl&#233;</FONT></P></TD>

   <TD vAlign=top width="24%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Chile</FONT></P></TD>

   <TD vAlign=top width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>50.10%</FONT></P></TD></TR>

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   <TD vAlign=top width="45%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>VSPT</FONT></P></TD>

   <TD vAlign=top width="24%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Chile</FONT></P></TD>

   <TD vAlign=top width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>64.72%</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="45%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=ES style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>CPCh</FONT></P></TD>

   <TD vAlign=top width="24%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Chile</FONT></P></TD>

   <TD vAlign=top width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 36pt" align=center><FONT lang=ES style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>80.00%</FONT></P></TD></TR></TABLE>

<P></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>(1)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 6pt; LETTER-SPACING: -0.1pt" color=black face=Arial,sans-serif>On April 18, 2016, Tech Pack S.A. (&#8220;Techpack&#8221;) announced an agreement to sell its subsidiary Alusa S.A. to Amcor, the main flexible packaging manufacturer in the world. The transaction is subject to approval from Techpack&#8217;s shareholders and antitrust authorities in certain jurisdictions, among others</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: -0.1pt" color=black face=Arial,sans-serif>.&nbsp;</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>C.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt; BACKGROUND: white" face=Arial,sans-serif>Property,
Plants and Equipment </FONT></U></B></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Set forth below is information
concerning our production facilities as of December 31, 2015, all of which are
owned and operated by us or our subsidiaries.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>For the Chile Operating segment,
we had an aggregated Supply Capacity per month<SUP>1</SUP></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>of 334.5 million liters
with a Utilized Capacity during peak month<SUP>2</SUP></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>of 56.01%. The annual Nominal
Installed Capacity for our two main businesses in Chile (beer and soft drinks)
is 27.8 million hectoliters.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Our Chile Operating segment total
facilities size is 587,765 square meters (total built area including warehousing
logistics activities related to the production process).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Set forth below is a list of our
principal production facilities.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 50%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 2.75pt" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="100%" colSpan=4 noWrap>
      <P style="MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Chile Operating
      segment</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="30%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Plant</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="44%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Type of Plant</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt 34.7pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Santiago</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="44%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Beer</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Santiago</FONT></P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="44%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Non-alcoholic
      beverages</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Temuco</FONT></P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="44%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Mixed</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Valdivia</FONT></P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="44%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Beer</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" colSpan=2 noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Punta Arenas
      </FONT><SUP><FONT lang=ES-CL style="FONT-SIZE: 7.5pt" face=arial,sans-serif>(1)</FONT></SUP></P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="44%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Beer</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Antofagasta</FONT></P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="44%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Non-alcoholic
      beverages</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Coinco</FONT></P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="44%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Non-alcoholic
      beverages</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Casablanca</FONT></P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="44%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Non-alcoholic
      beverages</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Manantial</FONT></P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="44%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Non-alcoholic
      beverages</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Pisco
      Elqui</FONT></P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="44%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Spirits</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Sotaqu&#237;</FONT></P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="44%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Spirits</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Monte
      Patria</FONT></P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="44%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Spirits</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Salamanca</FONT></P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="44%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Spirits</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="HEIGHT: 14.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Ovalle</FONT></P></TD>
    <TD style="HEIGHT: 14.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="44%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Spirits</FONT></P></TD></TR>
  <TR style="HEIGHT: 0pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="100%" colSpan=4>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(1) Production in
      the Punta Arenas facility is under licensing agreements and, accordingly,
      we do not consolidate this facility.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>For the International Business
Operating segment, we had an aggregated Supply Capacity per month of 79.1
million liters with a Utilized Capacity during peak month of 79.16%. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Our International Business
Operating segment total facilities size is 232,194 square meters (total built
area including warehousing logistics activities). </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif></FONT>
<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<HR align=left SIZE=1 width="33%">

<DIV id=ftn1><FONT lang=PT-BR></FONT>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>&nbsp;<FONT style="FONT-SIZE: 10pt" face=Arial><SUP>1</SUP></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face=Arial,sans-serif>Supply Capacity per month is
defined as nominal installed production capacity for the current
product/packaging mix during 25 days per month and 3 shifts per day.The
calculated slack (spare) capacity does not necessarily indicate real slack
capacity. The real production capacity is less than the nominal installed
production capacity as adjustments are required for real machinery performance,
packaging mix, availability of raw materials and bottles, seasonality within the
months and other factors. As a result, we believe that the peak monthly capacity
utilization rates shown above understate real capacity utilization and that
slack capacity is overstated.</FONT></P><FONT lang=PT-BR></FONT></DIV>
<DIV id=ftn2><FONT lang=PT-BR></FONT>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>&nbsp;<SUP>2</SUP></FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face=Arial,sans-serif>Utilized Capacity During
Peak Month is equal to production output as a percentage of Nominal Installed
Production Capacity during our peak month for each respective
plant</FONT></P><FONT lang=PT-BR></FONT></DIV></DIV>
<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">58</FONT></P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_62></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader62"></a><DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Set forth below is a list of our
principal production facilities.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 50%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 2.75pt" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="71%" colSpan=3 noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>International Business Operating
      segment</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Plant</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Type of Plant</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt 37.5pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Santa Fe</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Beer</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Salta</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Beer</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Luj&#225;n</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Beer</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Mendoza</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Cider</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Pilar</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Cider</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Ciudadela</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Cider</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Uruguay</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Non-alcoholic
      beverages </FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>For the Wine Operating segment, we
had an aggregated Nominal Filing Capacity of 72,000 liters per hour and a
Storage Capacity in Tanks and Barrels of 88.8 million liters. The total
facilities size is 150,946 square meters.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Set forth below is a list of our
principal production and storage facilities.</FONT></P>
<DIV align=center>
<TABLE style="WIDTH: 50%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 2.75pt" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="73%" colSpan=3 noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif>Wine </FONT></B><B><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Operating
      segment</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Plant</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="47%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Type of Plant</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Molina</FONT></P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="47%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Wine
      Production</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Totihue</FONT></P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="47%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Wine
      Production</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Tarapac&#225;</FONT></P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="47%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Wine
      Production</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>La
      Celia</FONT></P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="47%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Wine
      Production</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Lontu&#233;</FONT></P></TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="47%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Wine
      Storage</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="HEIGHT: 14.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" colSpan=2 noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Vi&#241;a
      Mar</FONT></P></TD>
    <TD style="HEIGHT: 14.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
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    <TD style="HEIGHT: 14.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="47%" noWrap>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=arial,sans-serif>Wine
      Storage</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>D.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Environmental
Matters</FONT></U></B></P>
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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Chile</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our
operations are subject to both national and local regulations in Chile relating
to the protection of the environment. Regarding human health, the fundamental
law in Chile is the Health Code, which establishes minimum health standards and
regulates air and water quality, as well as sanitary landfills. The local
Sanitary Authority is the governmental entity in charge of the enforcement of
these rules and has the authority to impose fines.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The environmental framework is governed by Law N&#176;19,300,
enacted in 1994, as amended, which includes not only environmental protection
rules but also rules concerning the preservation of natural resources. Among
other matters, it creates the environmental impact assessment system which
requires any future project or major amendment of an existing activity that may
affect the environment to evaluate its possible environmental impact, in order
to fulfill related regulations and to implement mitigation, compensation and
restoration measures. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Law
N&#176;19,300 also creates a mechanism of point sources emission limits and
environmental quality standards that are developed and detailed by specific
regulations. In this sense, there is a special regulation for wastewater
discharges into sewage systems, and another regulation for wastewater discharges
into superficial water bodies, in both cases pursuant to a schedule of
deadlines. Over the years, CCU implemented specific action plans in each
operation, optimizing those emissions and, </FONT>
<FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>based on the location and wastewater quality, invested in highly efficient treatment plants. Such plants are also designed to generate boiler-suitable biogas. We are in compliance with this law and related regulations in all material respects, having fulfilled at each relevant stage all requirements prescribed by them.</FONT></P></DIV>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Through the enactment of Law N&#176;20,417 in 2010 and Law N&#176;20,600 in 2012 (amending Law N&#176;19,300), the Ministry of Environment and the three governmental bodies (Environmental Superintendency, Environmental Assessment Service and specific Environmental Courts) were established, replacing all former activities of the CONAMA, the National Environmental Commission (or Comision Nacional del Medio Ambiente, or &#8220;CONAMA&#8221;). Those new governmental bodies are now responsible for the development, implementation and enforcement of various regulations regarding environmental management in relation to environmental standards, protection of natural resources, environmental education and pollution control, among other responsibilities. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Due to the high levels of air pollution in the Santiago metropolitan area, the relevant authorities have implemented a decontamination plan, which includes different levels of air quality, and certain measures that can be imposed on industries. In the case of emergency situations, those companies comprising the industries classified as producing the highest levels of particle and gas emissions must suspend their activities. We are in compliance with current regulations applicable to both our beer and soft drink facilities in the Santiago metropolitan area in all material respects. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>There are currently no material legal or administrative proceedings pending against us in Chile with respect to any environmental matter. We believe that we are in compliance in all material respects with all applicable environmental regulations.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Argentina</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>New laws and regulations have been enacted in Argentina as a result of heightened community concerns for environmental issues. Consequently, there are several statutes imposing obligations on companies regarding environmental matters at the municipal, provincial and federal levels in accordance with the General Environmental Protection Framework (Law 25,675), which establishes the Basic Environmental Protection Budgets, forming the fundamentals to develop all legislation and national environmental policy. In many cases, private entities operating public utilities such as water supply and sewage are in charge of controlling and enforcing those regulations. Examples of new laws and regulations recently enacted are: (i) the National Register of Chemical Substances (Decree 900/12), which was implemented in January 2014 and aims to improve the traceability of chemical substances by means of strict control of all chemical substances that enter or leave the industrial plant, (ii) Decree 801/2015 regarding the global system of classification and labeling of chemical products, which based on Decree 3359/2015 was implemented in April 2016 for pure substances, and will be implemented in January 2017 for mixed substances, and (iii) Law No. 26,190 the National Regime for the Use and Promotion of Renewable Sources of&nbsp;Energy, which was modified by Law 27,191 and regulated by Decree 531/2016, with the objective to gradually implement the Use of&nbsp;Renewable Sources of&nbsp;Energy in the plants.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Another important federal environmental legislation in Argentina is the Hazardous Waste Act (Law N&#176;24,051), which is supplemented by additional provincial legislation, to enforce the provisions of the Hazardous Waste Act when specific federal tests indicate the need to do so. The application of the provisions of the Hazardous Waste Act depends upon the magnitude of the public health risk and whether those conditions exist in more than one province. Hazardous waste is defined broadly and includes any residue that may cause harm, directly or indirectly, to human beings that may pollute the soil, water, atmosphere or the environment in general. Generally, claims involving hazardous waste give rise to strict liability in the event of damage to third parties. In addition, each province in which we operate facilities has enacted environmental legislation with broad and generic goals, as well as water codes and related agencies to regulate the use of water and the disposal of effluents in the water.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Over the last several years CCU Argentina has implemented a complete program for the treatment of its industrial waste, which involves the separation, collection, transportation and reusing of the </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>generated solid waste, in compliance with the Industrial Waste Act (Law N&#176; 25,612), as well as wastewater treatment plants. The waste program is part of our constant effort to improve environmental conditions. </FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The main features of our wastewater treatment plants are their production of biogas which is used as boiler fuel, their minimum space requirements and its low electric power consumption. Also, all of CCU&#8217;s major operations facilities have been awarded the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Certificado de Aptitud Ambiental</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif> (Environmental Aptitude Certificate) which is the main document endorsing the company&#8217;s environmental management in each provincial state.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Notwithstanding the foregoing, the regulation of matters related to environmental protection is not as well developed in Argentina as in the United States and certain other countries. Accordingly, we anticipate that additional laws and regulations will be enacted over time with respect to environmental matters.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>While we believe that we will continue to be in compliance with all applicable environmental regulations, we cannot assure you that future legislative or regulatory developments will not impose restrictions on us, which could result in material adverse effects on our businesses, results of operations and our financial condition. There are currently no material legal or administrative proceedings pending against us in Argentina with respect to any regulatory matter. We believe that we are in compliance in all material respects with all applicable statutory and administrative regulations with respect to our business in Argentina.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671482"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 4A: Unresolved Staff Comments</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Not applicable.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671483"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 5: Operating and Financial Review and Prospects</FONT></B></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Overview</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>CCU is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. CCU is the largest Chilean brewer, the second-largest Chilean soft drinks producer and the largest Chilean water and nectar producer, the second-largest Argentine brewer, the second-largest Chilean wine producer and the largest pisco distributor. It also participates in the HOD, rum and confectionery industries in Chile, in the beer, water and soft drinks industries in Uruguay, and in the soft drinks, water and nectar industries and beer distribution in Paraguay and Bolivia. The Company has licensing and/or distribution agreements with Heineken Brouwerijen B.V., Anheuser-Busch Incorporated, PepsiCo Inc., Schweppes Holdings Limited, Guinness Overseas Limited, Soci&#233;t&#233; des Produits Nestl&#233; S.A., Pernod Ricard and Coors Brewing Company.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>We face certain key challenges and risks associated with our business. These risks include competition within the marketplace, managing operating costs and the integration and expansion of new products. We are the leading brewery in Chile; however, competitors are investing in this market and launching new products, and therefore, we must concentrate on competitive pricing and marketing strategies to maintain our market share. Operating costs are subject to variations depending on plant efficiency, product mix and production cycles, and also on U.S. dollar commodities prices and the rate of exchange from Chilean pesos to U.S. dollars or Euros. Our principal costs include the cost of raw and packaging materials, distribution and marketing costs. We continue to sell and deliver new products to our customers, including products through new licensing agreements and new products through internal development.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The analysis of our results is based on financial statements prepared in accordance with IFRS as issued by the IASB. The three most recent years are considered in the discussion below.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In 2015, we reached new historical records in sales volumes and Net sales revenues, obtaining consolidated Net sales of CLP 1,498,372 million, of which 60% was accounted for from the Chile Operating segment; 27% from the International Business Operating Segment; 13% from the Wine Operating Segment, and the remainder from sales of other products and/or consolidation eliminations. Our Net sales revenues increased </FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>15.4</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>% over the prior year as we increased sales of existing products and had a higher average price per product. </FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Circular Letter N&#176; 856</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>On September 29, 2014 Act No. 20,780 was published in Chile, regarding the Tax Reform Act which introduces amendments, among others, to the income tax system. The Tax Reform Act provides that corporations will apply by default the "Partially Integrated System", unless a future extraordinary shareholders&#180; meeting agrees to opt for the "Attributed Income Regime&#8221;.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The difference between assets and liabilities for deferred taxes that occur as a direct effect of the increase in the First Category Income tax rate introduced by Act No. 20,780 and according to the Circular Letter N&#176;856 (&#8220;Oficio Circular&#8221; N&#176;856) of the SVS, has been accounted against Equity, under Retained earnings. As of September 30, 2014, the total effect registered against the Company&#8217;s Equity amounted to CLP 14,395 million. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Consequently, since December 31, 2014, in addition to the financial statements issued to comply with the rules and instructions of the SVS, the Company issues financial statements in which the adjustment caused by the application of the new tax rates in Chile to the difference in assets and liabilities for deferred taxes, is registered against income in order to comply with IFRS as issued with the IASB, the regulation required by the Securities and Exchange Commission (&#8220;SEC&#8221;).</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm; TEXT-INDENT: 0cm"><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>OPERATING RESULT</FONT></U></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The following discussion should be read in conjunction with our consolidated financial statements and the notes included thereto in this annual report. In the following discussion, Chilean peso amounts have been rounded to the nearest million pesos, unless otherwise indicated. Certain amounts (including percentage amounts) which appear herein have been rounded and may not sum to the totals shown.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Operating Result is a non-IFRS financial measure, as it is a subtotal in our Consolidated Statement of Income. A non-IFRS financial measure does not have a standardized meaning prescribed by either IFRS or U.S. GAAP. For management purposes, Operating Result is defined as earnings before other gains (losses), net financial expense, equity and income of joint ventures, foreign currency exchange differences, result as per adjustment units and income taxes.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Our management believes that disclosure of Operating Result provides useful information to investors and financial analysts in their review of our operating performance and their comparison of our operating performance to the operating performance of other companies in the beverage industry, but it may not be comparable to similarly titled indicators used by other companies. Operating Result is not a substitute for IFRS measures of earnings.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The following table presents the Net sales and Operating Result, and the relevant percentage as a component of Net sales, for each of our Operating segments:</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Year Ended December 31,</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2013</FONT></U></B></P></TD>

   <TD style="BACKGROUND: white" width="24%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2014</FONT></U></B></P></TD>

   <TD style="BACKGROUND: white" width="24%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2015</FONT></U></B></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white" vAlign=top width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="72%" colSpan=6>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(in millions of CLP, except percentages)</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Net sales</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND: white" width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Chile Operating segment</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>765,196</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>63.9%</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>830,341</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>64.0%</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>902,021</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>60.2%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white" width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>International Business Operating segment</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>282,435</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>23.6%</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>299,668</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>23.1%</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>405,714</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>27.1%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white" width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Wine Operating segment</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>152,255</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>12.7%</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>172,349</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>13.3%</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>189,515</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>12.6%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Other</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-2,660</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-0.2%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-4,391</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-0.3%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,122</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0.1%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Total </FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,197,227</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.0%</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,297,966</FONT></B></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.0%</FONT></B></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,498,372</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.0%</FONT></B></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white" width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND: white" vAlign=bottom width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Operating Result</FONT></B></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white" width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Chile Operating segment</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>147,367</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>78.3%</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>129,740</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>72.1%</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>153,924</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>75.1%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white" width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>International Business Operating segment</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>26,693</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>14.2%</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>28,152</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>15.6%</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>30,266</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>14.8%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white" width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Wine Operating segment</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>12,913</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6.9%</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>24,780</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>13.8%</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>32,533</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>15.9%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white" width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Other</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,292</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0.7%</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-2,752</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-1.5%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-11,786</FONT></P></TD>

   <TD style="BACKGROUND: white" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-5.8%</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" width="28%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Total </FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>188,266</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.0%</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>179,920</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.0%</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>204,937</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.0%</FONT></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The following is a reconciliation of our income from operational activities, the most directly comparable IFRS measure to Operating Result for the years ended December 31, 2011, 2012, 2013, 2014 and 2015, and by Operating segment for the years ended December 31, 2013, 2014 and 2015. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT size=2 face=Arial></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 14.5pt">

   <TD style="HEIGHT: 14.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 12pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="61%" colSpan=5 align=center>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>For the Years Ended December 31,</FONT></P></TD></TR>

<TR style="HEIGHT: 14.5pt">

   <TD style="HEIGHT: 14.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 12pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2011</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2012</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2013</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2014</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2015</FONT></U></P></TD></TR>

<TR style="HEIGHT: 14.5pt">

   <TD style="HEIGHT: 14.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>(millions of CLP) </FONT></P></TD>

   <TD style="HEIGHT: 14.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 12pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 12pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 12pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 12pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 12pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Income from operational activities</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>195,828 </FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>176,710 </FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>189,225 </FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>183,957 </FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>213,449 </FONT></B></P></TD></TR>

<TR style="HEIGHT: 13.8pt">

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Add (Subtract):................................... </FONT></P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Results Derivative Contracts........... </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-2,459</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>4,030</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-2,390</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-4,153</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-9,840</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Marketable Securities to Fair Value </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>227</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-92</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>108</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>103</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-36</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Other <SUP>(1)</SUP> ..................................................... </FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-778</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>540</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,324</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>12</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,364</FONT></P></TD></TR>

<TR style="HEIGHT: 13.8pt">

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Exceptional Items (EI)<SUP>(2)</SUP>&#8230;&#8230;&#8230;&#8230;&#8230;</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-12,905</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2,989</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,628</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Operating Result before EI</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>179,913 </FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>181,188 </FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>191,255 </FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>181,548 </FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>204,937 </FONT></B></P></TD></TR>

<TR style="HEIGHT: 13.8pt">

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Exceptional Items (EI)<SUP>(2)</SUP>&#8230;&#8230;&#8230;&#8230;&#8230;</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>12,905</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-2,989</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,628</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD></TR>

<TR style="HEIGHT: 13.8pt">

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Operating Result<SUP>(3)</SUP>...........................</FONT></B></P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>192,818 </FONT></B></P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>181,188 </FONT></B></P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>188,266 </FONT></B></P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>179,920 </FONT></B></P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>204,937 </FONT></B></P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=6>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(1)&nbsp;Other includes items such as expenses related to capital increases, expenses related to acquisitions of new businesses, and results related to divestments of Joint Operations, among others.</FONT></P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=6>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(2) 2011 EI corresponds to the earthquake insurance compensation in Chile and the restructuring charges of cider business in Argentina; 2013 EI corresponds to a restructuring process of the organization which implied the early retirement of managers replaced internally, promotions and the sole and exceptional paymen of incentives to the leaving and remaining personnel; 2014 EI corresponds to the effect of CLP 1,628 million associated with restructuring processes across Operating segments</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(3)&nbsp;&nbsp; After Exceptional Items</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="13%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="12%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">63</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
&nbsp; <A name=page_67></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader67"></a><DIV>
<P style="MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 60%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Chile Operating
      Segment</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="36%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>For the Years Ended December 31,</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2013</FONT></U></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2014</FONT></U></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2015</FONT></U></B></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>(millions of CLP)
      </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Income from
      operational activities</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>147,020</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>129,704</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>152,466</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Add
      (Subtract):</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Results
      Derivative Contracts</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-5</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>118</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>57</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Marketable
      Securities to Fair Value </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD></TR>
  <TR style="HEIGHT: 13.1pt">
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Other
      <SUP>(1)</SUP> </FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>352</FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-82</FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,401 </FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Exceptional Items
      (EI)</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>780</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Operating Result
      before EI</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>148,147</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>129,740</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>153,924</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Exceptional Items
      (EI)</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-780</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD></TR>
  <TR style="HEIGHT: 0pt">
    <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Operating
      Result<SUP>(2)</SUP></FONT></B></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>147,367</FONT></B></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>129,740</FONT></B></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>153,924</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 0pt">
    <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=4>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(1)&nbsp;Other
      includes items such as expenses related to capital increases, expenses
      related to acquisitions of new businesses, and results related to
      divestments of Joint Operations, among others.</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=4>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(2)&nbsp;After
      Exceptional Items</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>International
      Business Operating Segment</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="53%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>For the Years Ended December
31,</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2013</FONT></U></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2014</FONT></U></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2015</FONT></U></B></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>(millions of CLP)
      </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Income from
      operational activities</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>26,693</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>27,847</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>30,303</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Add
      (Subtract):</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Results
      Derivative Contracts</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Marketable
      Securities to Fair Value </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD></TR>
  <TR style="HEIGHT: 13.1pt">
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Other
      <SUP>(1)</SUP> </FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>305</FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-37</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Exceptional Items
      (EI)</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>543</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,215</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Operating Result
      before EI</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>27,236</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>29,367</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>30,266</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Exceptional Items
      (EI)</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-543</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-1,215</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD></TR>
  <TR style="HEIGHT: 13.1pt">
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Operating
      Result<SUP>(2)</SUP></FONT></B></P></TD>
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>26,693</FONT></B></P></TD>
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>28,152</FONT></B></P></TD>
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>30,266</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 0pt">
    <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=4>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(1)&nbsp;Other
      includes items such as expenses related to capital increases, expenses
      related to acquisitions of new businesses, and results related to
      divestments of Joint Operations, among others.</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=4>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(2)&nbsp;After
      Exceptional Items</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Wine Operating
      Segment</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="53%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>For the Years Ended December
31,</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2013</FONT></U></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2014</FONT></U></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2015</FONT></U></B></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>(millions of CLP)
      </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Income from
      operational activities</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>13,246</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>24,559</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>32,838</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Add
      (Subtract):</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Results
      Derivative Contracts</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-333</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>221</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-305</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Marketable
      Securities to Fair Value </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD></TR>
  <TR style="HEIGHT: 13.1pt">
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Other
      <SUP>(1)</SUP> </FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Exceptional Items
      (EI)</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>276</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Operating Result
      before EI</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>13,189</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>24,780</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>32,533</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Exceptional Items
      (EI)</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-276</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD></TR>
  <TR style="HEIGHT: 13.1pt">
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Operating
      Result<SUP>(2)</SUP></FONT></B></P></TD>
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>12,913</FONT></B></P></TD>
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>24,780</FONT></B></P></TD>
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>32,533</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 0pt">
    <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=4>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(1)&nbsp;Other
      includes items such as expenses related to capital increases, expenses
      related to acquisitions of new businesses, and results related to
      divestments of Joint Operations, among others.</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=4>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(2)&nbsp;After
      Exceptional Items</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Other Operating
      Segment</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="53%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>For the Years Ended December
31,</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2013</FONT></U></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2014</FONT></U></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2015</FONT></U></B></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>(millions of CLP)
      </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Income from
      operational activities</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2,265</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,846</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-2,158</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Add
      (Subtract):</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Results
      Derivative Contracts</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-2,052</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-4,492</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-9,592</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Marketable
      Securities to Fair Value </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>108</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>103</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-36</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.1pt">
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Other
      <SUP>(1)</SUP> </FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>971</FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-210</FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Exceptional Items
      (EI)</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,390</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>413</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Operating Result
      before EI</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2,683</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-2,339</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-11,786</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Exceptional Items
      (EI)</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-1,390</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-413</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD></TR>
  <TR style="HEIGHT: 13.1pt">
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Operating
      Result<SUP>(2)</SUP></FONT></B></P></TD>
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,293</FONT></B></P></TD>
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-2,752</FONT></B></P></TD>
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-11,786</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 0pt">
    <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=4>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(1)&nbsp;Other
      includes items such as expenses related to capital increases, expenses
      related to acquisitions of new businesses, and results related to
      divestments of Joint Operations, among others.</FONT></P></TD></TR>
  <TR style="HEIGHT: 0pt">
    <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=4>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(2)&nbsp;After
      Exceptional Items</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">64</FONT></P>
<HR align=center SIZE=2 width="100%" noShade>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The following table presents our Income statement in millions of pesos and as a percentage of Net sales:</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT size=2 face=Arial></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 13.8pt">

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="70%" colSpan=8 align=center>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Year Ended December 31,</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2013</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2014</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2015</FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="70%" colSpan=8>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(millions of CLP, except percentages)</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Net sales </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,197,227</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>100.00%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,297,966</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>100.00%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,498,372</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>100.00%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Cost of sales</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-536,697</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>44.80%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-604,537</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>46.60%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-685,075</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>45.72%</FONT></U></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Gross margin</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>660,530</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>55.20%</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>693,429</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>53.40%</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>813,297</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>54.28%</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Other operating income/(expenses)</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4,249</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0.40%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>23,721</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1.80%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4,205</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0.28%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>MSD&amp;A </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-473,524</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>39.60%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-535,603</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>41.30%</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-612,565</FONT></U></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>40.88%</FONT></U></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Operating Result<SUP>(1)</SUP></FONT></B></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>188,266</FONT></B></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>15.70%</FONT></B></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>179,920</FONT></B></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>13.90%</FONT></B></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>204,937</FONT></B></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>13.68%</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Net financing expenses </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-15,830</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1.30%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-10,821</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0.80%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-15,256</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1.02%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Results as per adjustment units </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-1,802</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0.20%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-4,159</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0.30%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-3,283</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0.22%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Exchange rate differences</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-4,292</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0.40%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-613</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0.00%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>958</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0.06%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Equity and income from joint ventures </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>309</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0.00%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-899</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0.10%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-5,228</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0.35%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Other gains/(losses) </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>959</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0.10%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4,037</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0.30%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>8,512</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0.57%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Income before taxes </FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>167,609</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>14.00%</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>167,465</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>12.90%</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>190,640</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>12.72%</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Income taxes</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-34,705</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2.90%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-46,674</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3.60%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-50,115</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3.34%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Net income for the year </FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>132,905</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>11.10%</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>120,792</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>9.30%</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>140,525</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>9.38%</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Attributable to:</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Equity Holders of Parent Company</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>123,036</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>10.30%</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>106,238</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>8.20%</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>120,808</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>8.06%</FONT></B></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Non controlling interest</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>9,869</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0.80%</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>14,553</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1.10%</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>19,717</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1.32%</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>FISCAL YEAR ENDED DECEMBER 31, 2015 COMPARED TO FISCAL YEAR ENDED DECEMBER 31, 2014</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The major occurrences of the fiscal year ended 2015 were: (a) the 15% average devaluation of the Chilean peso and the 14% average devaluation of the Argentine peso during 2015; (b) decrease in commodity prices, especially oil, aluminum and sugar; (c) the implementation of the &#8220;ExCCelencia CCU&#8221; program.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Net sales</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our Net sales were CLP 1,498,372 million in 2015 compared to CLP 1,297,966 million in 2014, representing an increase of 15.4%, primarily due to higher sales volumes and higher &nbsp;average prices in all Operating segments. Net sales performance of each of our Operating segments during 2015 is described below:</FONT></P></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Chile:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> Net sales
increased 8.6% to CLP 902,021 million as a result of 4.0% higher sales volume
coupled with 4.5% higher average prices. Higher sales volumes were fueled
partially by promotional activities performed throughout the year as well as
good execution at the points of sale and effective marketing campaigns, which
allowed us to increase our consolidated market share and higher temperatures
during the year. Average prices increased due to a higher sales mix price,
coupled with price increases throughout the year.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>International Business:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> Net sales
increased 35.4% to CLP 405,714 million, due to 6.0% higher sales volumes coupled
with 27.7% higher average prices. Volumes and prices in Argentina, Uruguay and
Paraguay where higher in 2015 than in 2014, compensating inflation and currency
devaluation in those countries.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Wine:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> Our Net
sales of wine increased 10.0% to CLP 189,515 million in 2015, from CLP 172,349
million in 2014. The increase in Net sales was achieved due to a 3.2% higher
sales volume and a 6.5% increase in average prices, mainly due to the export
side of the business, which showed good performance, mainly driven by the
markets in Asia and Oceania. </FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Cost of sales</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The cost
of sales consists primarily of the cost of raw materials, packaging, labor costs
for production, personnel, depreciation of assets related to production,
depreciation of returnable packaging, licensing fees, bottle breakage and costs
of operating and maintaining plants and equipment. Our Cost of sales in 2015 was
CLP 685,075 million compared to CLP 604,537 million in 2014, a 13.3% increase
compared to 2014. As a percentage of Net sales, Cost of sales decreased to 45.7%
in 2015 from 46.6% in 2014. The Cost of sales for our Operating segments during
2015 is described below:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Chile:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> The Cost
of sales for our Chile Operating segment increased 9.6% to CLP 420,298 million
in 2015, from CLP 383,559 million in 2014. Cost of sales as a percentage of Net
sales increased to 46.6% in 2015 from 46.2% in 2014, primarily due to the 15%
average currency devaluation in Chile during the year compared to last year,
partially offset by lower USD denominated price of raw materials and by the
results of the efficiency program &#8220;ExCCelencia CCU&#8221;.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>International Business:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> The Cost
of sales of our International Business Operating segment increased 19.5% to CLP
162,665 million in 2015, from CLP 136,175 million in 2014. Cost of sales as a
percentage of Net sales decreased to 40.1% in 2015 from 45.4% in 2014. This was
mainly due to the results of the efficiency program &#8220;ExCCelencia CCU&#8221; and lower
raw material prices denominated in USD, offsetting the average devaluation of
the currencies in the region in 2015 when compared to 2014: 14% in Argentina,
18% in Uruguay and 16% in Paraguay. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Wine:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> The Cost
of sales for our Wine Operating segment increased 8.6% to CLP 105,956 million in
2015, from CLP 97,524 million in 2014. Cost of sales, as a percentage of Net
sales, decreased from 56.6% in 2014 to 55.9% in 2015, mostly due to the
excellent 2015 harvest, and the results of the efficiency program.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Gross margin</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our Gross
margin increased 17.3% to CLP 813,296 million in 2015, from CLP 693,429 million
in 2014. As a percentage of Net sales, Gross margin increased to 54.3% in 2015
from 53.4% in 2014.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Marketing, Selling, Distribution
and Administrative Expenses</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The
Marketing, Selling, Distribution and Administrative expenses (&#8220;MSD&amp;A&#8221;)
primarily include advertising and promotional expenses, selling expenses,
distribution costs such as product transportation costs, services provided by
third parties and other administrative expenses. Our MSD&amp;A expenses
increased 14.4% to CLP 612,565 million in 2015, from CLP 535,603 million in
2014. As a percentage of Net sales, our MSD&amp;A decreased to 40.9% in 2015
from 41.3% in 2014. The MSD&amp;A performance of each Operating segment during
2015 is described below:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Chile:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> The
MSD&amp;A expenses of our Chile Operating segment increased 3.4% to CLP 328,489
million in 2015, from CLP 317,765 million in 2014. Nevertheless, as a percentage
of Net sales, MSD&amp;A decreased to 36.4% in 2015 from 38.3% in 2014, mainly
due to the results of the efficiency plan &#8220;ExCCelencia CCU&#8221;. </FONT></P></DIV>
<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">66</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>International Business:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> The
MSD&amp;A of our International Business Operating segment increased 40.1% to CLP
216,099 million in 2015, from CLP 154,300 million in. As a percentage of Net
sales, our MSD&amp;A increased to 53.3% in 2015 from 51.5% in 2014, partially
explained by higher marketing expenses.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Wine:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> The
MSD&amp;A of our Wine Operating segment increased 1.6% to CLP 51,070 million in
2015, from CLP 50,284 million in 2014. Nevertheless, MSD&amp;A as a percentage
of Net sales, decreased to 26.9% in 2015 from 29.2% in 2014. </FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Other Operating Income/(expenses)
and Exceptional items</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The Other
operating income/(expenses) decreased 82.3% in 2015 to CLP 4,205 million, from
CLP 23,721 million in 2014, mainly due to the CLP 18,882 million compensation
received by our Argentine subsidiary CICSA in 2014, for the termination of the
contract that allowed us to import and distribute on an exclusive basis, Corona
and Negra Modelo beers in Argentina, and the license for the production and
distribution of Budweiser beer in Uruguay.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Operating Result</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our
Operating Result increased 13.9% to CLP 204,937 million in 2015, as compared to
CLP 179,920 million in 2014 and as a percentage of Net Sales decreased from
13.9% to 13.7% in 2015. Excluding the positive one-time effect compensation of
CLP 18,882 million received by our Argentine subsidiary CICSA in Q2&#8217;14 for the
termination of the contract that allowed us to import and distribute on an
exclusive basis, Corona and Negra Modelo beers in Argentina and to produce and
distribute Budweiser beer in Uruguay, Operating Result increased by 27.3%, which
means an EBIT margin expansion of 127 bps. The Operating Result performance of
each of our Operating segments during 2015 is described below:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Chile:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> The
Operating Result for the Chile Operating segment increased 18.6% to CLP 153,924
million due to an 8.6% increase in Net sales, partially offset by an increase of
3.4% in MSD&amp;A expenses and an increase of 9.6% in Cost of sales. The
Operating Result margin increased from 15.6% in 2014 to 17.1% in
2015.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>International Business</FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> The
Operating Result for the International Business Operating segment increased 7.5%
to CLP 30,266 million. The Operating Result margin decreased from 9.4% in 2014
to 7.5% for in 2015. Excluding the above mentioned one-time effect compensation,
the Operating Result margin expansion was 437 bps. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Wine:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> The
Operating result from our wine Operating segment increased 31.3% to CLP 32,533
million in 2015, from CLP 24,780 million in 2014. The Operating result margin
increased from 14.4% in 2014 to 17.2% in 2015.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Net Financing
Expenses</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our Net
financing expenses increased 41.0% to CLP 15,256 million in 2015 as compared to
CLP 10,821 million in 2014. This increase was primarily due to a lower level of
Cash and cash equivalents in 2015.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Equity and income from joint
ventures and associated</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>CCU has
50% or less participation in Cervecer&#237;a Austral, Foods, BBO, Central Cervecera,
and in other companies. The share of the gain/loss in the referred companies
decreased to a loss of CLP 5,228 million in 2015, from a loss of CLP 899 million
in 2014 mainly due to lower results in some of these joint ventures, including
the divestments of the brands Calaf and Natur which generated a loss net of
taxes of CLP 1,035 million. </FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Result as per adjustment units and
Foreign currency exchange differences</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The
adjustment applied to our net liabilities due to Chilean inflation and foreign
exchange fluctuations resulted in a net loss of CLP 2,325 million in 2015, as
compared to a net loss of CLP 4,772 million in 2014. This variation is primarily
due to higher foreign currency exchange differences and higher Result as per
adjustment units, due to a lower inflation during 2015 compared to
2014.</FONT></P></DIV>
<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">67</FONT></P>
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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Other gains (losses)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our Other gains (losses) increased from a net gain of CLP </FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>4,037</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> million in 2014 to a net gain of CLP</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> 8,512</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> million in 2015. The increase mainly resulted from gains related to hedges covering foreign exchange variations on taxes.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Income taxes</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our income taxes in 2015 amounted to CLP 50,115 million, translating into an effective consolidated tax rate of 26.3%. Income taxes in 2014 amounted to CLP 46,674 million translating into an effective consolidated tax rate of 27.9%. Income tax increased by CLP 3,441 million.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Net income for the year</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our Net income in 2015 increased 16.3%, from CLP 120,792 million in 2014 to CLP 140,526 million in 2015, primarily as a result of a 13.9% increase in Operating Result. </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Net income attributable to equity holders of parent</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our Net income attributable to equity holders of our parent company increased 13.7% from CLP 106,238 million in 2014 to CLP 120,808 million in 2015.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Non-controlling interests</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Non-controlling interests increased from CLP 14,553 million in 2014 to CLP 19,717 million in 2015.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT></B>&nbsp;</P></DIV>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>FISCAL YEAR ENDED DECEMBER 31, 2014 COMPARED TO FISCAL
YEAR ENDED DECEMBER 31, 2013</FONT></B></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The major
occurrences of the fiscal year ended 2014 were: (a) the 15% devaluation of the
Chilean peso and the 48% devaluation of the Argentine peso during 2014; (b)
higher marketing expenses which are consistent with our long-term strategy for
developing strong brands coupled with increased distribution expenses in our
Chilean operation; (c) the compensation received by our Argentine subsidiary
CICSA, for the termination of the contract which allowed us to import and
distribute on an exclusive basis, Corona and Negra Modelo beers in Argentina,
and the license for the production and distribution of Budweiser beer in
Uruguay; and (d) the Chilean Tax Reform Act which became effective on October 1,
2014, bringing a series of changes to tax rates and tax schemes.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Net sales</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our Net
sales were CLP 1,297,966 million in 2014 compared to CLP 1,197,227 million in
2013, representing an 8.4% increase, primarily due to higher sales volumes and
higher per unit prices in all Operating segments. Net sales performance of each
of our Operating segments during 2014 is described below:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Chile:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> Net sales
increased 8.5% to CLP 830,341 million as a result of 4.1% higher sales volume
coupled with 4.2% higher average prices. Higher sales volumes were fueled
partially by promotional activities performed throughout the year as well as
good execution in the points of sale and effective marketing campaigns, which
allowed us to increase our consolidated market share. Unit prices increased due
to a higher sales mix, coupled with price increases throughout the
year.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>International Business:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> Net sales
increased 6.1% to CLP 299,668 million due to 6.0% higher sales volumes,
partially offset by 5.6% lower average prices. Volumes increased due to the
contribution of 456 thousand hectoliters from the Paraguay operation.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Wine:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> Our Net
sales of wine increased 13.2% to CLP 172,349 million in 2014, from CLP 152,255
million in 2013. The increase in sales was due to a 2.5% increase in sales
volume and a 10.4% increase in average prices, mainly due to the export side of
the business, which showed good performance mainly driven by Asia and Latin
America exports, and the domestic business, where good execution allowed us to
consolidate our leading position in value terms. </FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Cost of sales</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The cost
of sales consists primarily of the cost of raw materials, packaging, labor costs
for production, personnel, depreciation of assets related to production,
depreciation of returnable packaging, licensing fees, bottle breakage and costs
of operating and maintaining plants and equipment. Our Cost of sales in 2014 was
CLP 604,537 million compared to CLP 536,697 million in 2013, 12.6% increase from
2013. As a percentage of Net sales, Cost of sales increased to 46.6% in 2014
from 44.8% in 2013. The Cost of sales for our Operating segments during 2014 is
described below:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Chile:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> The Cost
of sales for our Chile Operating segment increased 11.7% to CLP 383,559 million
in the twelve months ended December 31, 2014, from CLP 343,230 million in the
twelve months ended December 31, 2013, primarily due to an increase in direct
costs of 10.5% due to the 15% currency devaluation in Chile during the year,
partially offset by lower commodity costs; and 14.9% higher manufacturing costs
as energy and salaries rose. Cost of sales as a percentage of Net sales
increased to 46.2% in the twelve months ended December 31, 2014 from 44.9% in
the twelve months ended December 31, 2013. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>International Business:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> The Cost
of sales of our International Business Operating segment increased 20.2% to CLP
136,175 million in the twelve months ended December 31, 2014, from CLP 113,265
million in the twelve months ended December 31, 2013 mainly due an increase in
direct costs of 27.6% due to the 48% devaluation of the Argentine peso coupled
with high inflation in Argentina, which was not offset by our cost saving
efforts. Cost of sales as a percentage of Net sales increased to 45.4% in the
twelve months ended December 31, 2014 from 40.1% in the twelve months ended
December 31, 2013. </FONT></P></DIV>
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<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Wine:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> The Cost
of sales for our Wine Operating segment increased 5.0% to CLP 97,524 million in
2014, from CLP 92,864 million in 2013, mainly due to higher manufacturing costs
as energy costs rose. Cost of sales, as a percentage of Net sales, decreased
from 61.0% in 2013 to 56.6% in 2014, mainly due to lower input costs partially
offset by a higher exchange rate.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Gross margin</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our Gross
margin increased 5.0% to CLP 693,429 million in 2014, from CLP 660,530 million
in 2013. As a percentage of Net sales, Gross margin decreased to 53.4% in 2014
from 55.2% in 2013.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Marketing, Selling, Distribution
and Administrative Expenses</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The
Marketing and Selling, Distribution and Administrative expenses (&#8220;MSD&amp;A&#8221;)
primarily include advertising and promotional expenses, maintenance,
distribution costs such as product transportation costs, services provided by
third parties and other administrative expenses. Our MSD&amp;A expenses
increased 13.1% to CLP 535,603 million in 2014, from CLP 473,524 million in
2013. As a percentage of Net sales, our MSD&amp;A increased to 41.3% in 2014
from 39.6% in 2013. The MSD&amp;A performance of each Operating segment during
2014 is described below:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Chile:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> The
MSD&amp;A expenses of our Chile Operating segment increased 15.5% to CLP 317,765
million in the twelve months ended December 31, 2014, from CLP 275,203 million
in the twelve months ended December 31, 2013. The increase in MSD&amp;A was
mainly due to higher marketing investments and distribution expenses of CLP
14,681 million and CLP 21,199 million respectively. As a percentage of Net
sales, MSD&amp;A increased to 38.3% in the twelve months ended December 31, 2014
from 36.0% in the twelve months ended December 31, 2013. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>International Business:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> The
MSD&amp;A of our International Business Operating segment increased 7.9% to CLP
154,300 million in the twelve months ended December 31, 2014, from CLP 142,972
million in the twelve months ended December 31, 2013 due mainly to the Argentina
operation. Cost saving programs were not enough to offset the increase in
MSD&amp;A due to higher marketing expenses of CLP 3,988 million and higher
administrative expenses of CLP 6,516 million, all related mainly to inflationary
pressures in the Argentinean operation. As a percentage of Net sales, our
MSD&amp;A increased to 51.5% in the twelve months ended December 31, 2014 from
50.6% in the twelve months ended December 31, 2013.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Wine:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> The
MSD&amp;A of our Wine Operating segment increased 9.2% to CLP 50,284 million in
2014, from CLP 46,036 million in 2013. This increase in MSD&amp;A is primarily
related to higher marketing expenses of CLP 2,091 million and higher
distribution costs of CLP 901 million, caused by an increase in marketing to
support our branding strategy. As a percentage of Net sales, our MSD&amp;A for
this segment decreased to 29.2% in the twelve month period ended December 31,
2014 from 30.2% in the twelve month period ended December 31, 2013 as higher Net
sales compensated for the increase in MSD&amp;A. </FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Other Operating Income/(expenses)
and Exceptional items</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The Other
operating income/(expenses) increased in 2014 reaching CLP 23,721 million,
compared to Other operating income/(expenses) of CLP 4,249 million in 2013,
mainly due to the compensation received by our Argentine subsidiary CICSA, for
the termination of the contract which allowed us to import and distribute on an
exclusive basis, Corona and Negra Modelo beers in Argentina, and the license for
the production and distribution of Budweiser beer in Uruguay. During 2014, we
recognized as an Exceptional item the effect of CLP 1,627 million associated
with restructuring processes across Operating segments.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Operating Result</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our
Operating Result decreased 4.4% to CLP 179,920 million in 2014, as compared to
CLP 188,266 million in 2013, mainly due to a higher cost of sales and higher
expenses, partially offset by the positive one-time effect of the compensation
received by our Argentine subsidiary CICSA. The Operating Result performance of
each of our Operating segments during 2014 is described below:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Chile:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> The
Operating result for the Chile Operating segment decreased 12.0% to CLP 129,740
million due to an increase of 15.5% in MSD&amp;A expenses and an increase of
11.7% in Cost of sales as the
</FONT><a name="page_74"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>currency devaluated and higher marketing expenses were
incurred, partially offset by a 8.5% increase in Net sales. The Operating result
margin decreased from 19.3% to 15.6% for the twelve months ended December 31,
2014. </FONT></P></DIV>
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<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>International Business:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> The
Operating result for the International Business Operating segment increased 5.5%
to CLP 28,152 million due to the agreements reached with Cervecer&#237;a Modelo S. de
R.L. de CV. and Anheuser-Busch LLC, for the termination of the contract which
allows CICSA to import and distribute on an exclusive basis, Corona and Negra
Modelo beers in Argentina, and the license for the production and distribution
of Budweiser beer in Uruguay. CICSA received in compensation for these
agreements the amount of ARS 277.2 million, equivalent to US $34.2 million. The
Operating result margin decreased from 9.5% to 9.4% for the twelve months ended
December 31, 2014. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Wine:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> The
Operating result from our wine Operating segment increased 91.9% to CLP 24,780
million in 2014, from CLP 12,913 million in 2013. The Operating result margin
for this Operating segment increased from 8.5% to 14.4% for the twelve months
ended December 31, 2014.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Net Financing
Expenses</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our Net
financing expenses decreased 31.6% to CLP 10,821 million in 2014 as compared to
CLP 15,830 million in 2013. This decrease was primarily due to a lower level of
Net financial debt in 2014.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Equity and income from joint
ventures</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>CCU has
50% participation in both Cervecer&#237;a Austral and Foods. The share of the
gain/loss in the referred companies decreased to a loss of CLP 899 million in
2014, from a gain of CLP 309 million in 2013 mainly due to lower results in our
joint ventures.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Result as per adjustment units and
Exchange rate differences</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The
adjustment applied to our net liabilities due to Chilean inflation and foreign
exchange fluctuations resulted in a net loss of CLP 4,772 million in 2014, as
compared to a net loss of CLP 6,094 million in 2013. This variation is primarily
due to higher foreign currency exchange differences partially offset by a lower
Result as per adjustment units due to higher inflation during the
year.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Other gains
(losses)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our Other
gains increased from a net gain of CLP 959 million in 2013 to a net gain of CLP
4,037 million in 2014. The increase resulted from gains related to hedges
covering foreign exchange variations on taxes.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Income taxes</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our income
taxes for the twelve months ended December 31, 2014 amounted to CLP 46,674
million, translating into an effective consolidated tax rate of 27.9%. Income
taxes in 2013 amounted to CLP 34,705 million translating into an effective
consolidated tax rate of 20.7%. Income tax increased by CLP 11,969 million
mainly due to the tax rate increase for 2014 in Chile. The effect of the new tax
rate of 21%, applicable from January 1, 2014, resulted in charges of CLP 1,359
million against Income in 2014. The difference between assets and liabilities
for deferred taxes which occur as a direct effect of the increase in the First
Category Income tax rate introduced by Act No. 20,780, has been accounted
against Net income. As of December 31, 2014, the total effect accounted against
Net income was an amount of CLP 14,520 million.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Net income for the
year</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our Net
income for the twelve months ended December 31, 2014 decreased 9.1%, from CLP
132,905 million in 2013 to CLP 120,792 million in 2014, primarily as a result of
a 4.4% decrease in Operating Result and higher Income taxes. </FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Net income attributable to equity
holders of parent company</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our Net
income attributable to equity holders of our parent company decreased 13.7% from
CLP 123,036 million in 2013 to CLP 106,238 million in 2014 for the reasons
explained in the preceding paragraphs.</FONT></P></DIV>
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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Non-controlling
interests</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Non-controlling interests increased from CLP 9,869 million
in 2013 to CLP 14,553 million in 2014.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: 0cm"><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Liquidity and Capital
Resources</FONT></U></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>Our principal source of liquidity
has been cash generated by our operating activities, which amounted to CLP
194,155 million, CLP 173,622 million and CLP 219,511 million during the years
2013, 2014 and 2015, respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>Our cash flow from operations and
working capital are our primary sources to meet both our short-term and
long-term obligations. In the opinion of our management, they are sufficient for
those purposes.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>The principal component of cash
flows generated by operating activities in 2015 were amounts collected from
clients net of payments to suppliers of CLP 649,767 million compared to CLP
532,878 million in 2014 and CLP 513,398 million in 2013.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>In 2015, our cash flows from
financing activities totalled outflows of CLP 82,839 million compared to
outflows of CLP 132,156 million in 2014 and inflows of CLP 251,622 million in
2013. The principal components of cash flows used in financing activities
consisted of dividends paid of CLP 66,147 million in 2015, including dividends
paid relating to minority interests (CLP 65,316 million in 2014 and CLP 63,681
million in 2013), of the repayment of bank borrowings of CLP 54,797 million in
2015 (CLP 20,766 million in 2014 and CLP 22,344 million in 2013), partially
offset by the proceeds from short-term and long-term borrowings of CLP 42,929
million in 2015 (CLP 37,366 million in 2014 and CLP 22,893 million in 2013), and
other cash movement outflows of CLP 2,526 million in 2015 mainly due to the
amortization of the series E bond (outflows of CLP 81,471 million in 2014 mainly
due to the payment of the series I bond and CLP 3,162 million in 2013), and.
Additionally, we received a net amount of CLP 326,664 million from our 2013
capital increase.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>In 2015, our cash used in
investment activities totalled CLP 165,810 million compared to CLP 238,970
million in 2014 and CLP 136,918 million in 2013. The principal components of
cash used in investment activities in 2015 consisted of capital expenditures of
CLP 131,731 million (CLP 230,080 million in 2014 and CLP 124,559 million in
2013) and payments made to acquire interests in joint ventures and to obtain
control of subsidiaries or other businesses of CLP 44,084 million (CLP 15,222
million in 2014 and CLP 14,566 million in 2013).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>As of December 31, 2015, we had
CLP 75,485 million (CLP 131,558 million in 2014 and CLP 313,647 million in 2013)
in cash, overnight deposits, bank balances, time deposits and investments in
mutual funds, which do not include CLP 117,069 million (CLP 83,217 million in
2014 and CLP 95,206 million in 2013) corresponding to securities purchased under
resale agreements. Indebtedness, including accrued interest, amounted to CLP
168,118 million as of December 31, 2015. Short-term indebtedness
included:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>&#8226; CLP 27,715 million of short-term
bank borrowings</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>&#8226; CLP 3,155 million of bonds
payable</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>&#8226; CLP 321 million of financial
lease obligations</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>As of December 31, 2015, long-term
indebtedness, excluding the current portion, comprised:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>&#8226; CLP 48,335 million of long-term
obligations to banks, </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>&#8226; CLP 71,353 million of long-term
obligations to the public represented by bonds, and</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>&#8226; CLP 17,238 million of long-term
financial lease obligations.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>On April 2, 2009 the Company
issued two series of notes for UF 3 million and UF 2 million for a total of CLP
104,188 million in order to refinance a previous loan of CLP 30,000 million and
a US$ 100 million syndicated loan that matured in November 2009. The conditions
of the bonds are as follows:</FONT></P></DIV>
<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">72</FONT></P>
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<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 60%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; MARGIN-LEFT: 100.45pt; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

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    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>&#8220;I&#8221; Series</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>&#8220;H&#8221; Series</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>UF amount</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>3
      million</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>2
      million</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>Term</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>5
    years</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>21
      years</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>Amortization</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>Bullet</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>Since year
      11</FONT></P></TD></TR>
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    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>Interest Rate</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>UF+3.00%</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>UF+4.25%</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>As mentioned above, during the
last quarter of 2009 we repaid a syndicated loan of US$100 million which had
been converted into a fixed-rate UF loan through a cross-currency swap.
Additionally, during March 2014 we paid all outstanding amounts under the &#8220;I&#8221;
Series bonds.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>As of December 31, 2015, some of
our outstanding debt instruments required that we maintain certain financial
ratios. The most significant covenants required us to maintain a consolidated
interest coverage ratio of Adjusted Operating Result before Depreciation and
Amortization (as calculated by CCU in accordance with particular debt
instruments in order to measure such instruments&#8217; financial covenants) to
interest expenses equal to or higher than 3.00 to 1.00; to maintain a
consolidated leverage ratio (the ratio of adjusted liabilities to adjusted
equity) equal to or lower than 1.50 to 1.00 in CCU, 1.20 to 1.00 in VSPT and
2.00 to 1.00 in CPCh; a minimum consolidated equity of CLP 312,516.75 million,
of CLP 83,337.8 million in VSPT and of UF 770 thousand (CLP 19,734 million as of
December 31, 2015) in CPCh; and a maximum indebtedness ratio of less than 3.00
to 1.00 from financial liabilities (bank loans, notes, and leasing obligations)
to Adjusted Operating Result before Depreciation and Amortization. Furthermore,
we were required to maintain a ratio of our unpledged assets over our unsecured
liabilities of at least 1.2. The definition of, and calculation mechanics for,
all covenants were established when we first entered into these debt
instruments, and were based on Chilean GAAP, which are no longer in use since
the Company adopted IFRS, as issued by the IASB. For that reason, the Company in
2010 adapted, with the consent of its creditors, these requirements to the new
accounting standards and principles.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>At December 31, 2015, we met all
our financial debt covenants and had a consolidated interest coverage ratio of
12.40 to 1.00, a consolidated leverage ratio of 0.46 to 1.00. The consolidated
adjusted equity attributable to equity holders of the parent company as of
December 31, 2015 was CLP 1,118,220 million. Our ratio of unpledged assets over
unsecured liabilities was 3.17.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>None of our indebtedness, or that
of our subsidiaries, contains any term that restricts our ability to pay
dividends other than the requirement to maintain a minimum consolidated
equity.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>The following table summarizes
debt obligations held by us as of December 31, 2015. The table presents
principal payment obligations in millions of Chilean pesos by interest rate
structure, financial instrument and currency, with their respective maturity
dates and related weighted-average interest rates:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">73</FONT></P>
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    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="100%" colSpan=17 noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Interest - Bearing Debts as of December 31, 2015 -
      Cash</FONT></U></B></P></TD></TR>
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    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="100%" colSpan=17 noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>(millions of Ch$, except
  percentages)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD></TR>
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    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%" colSpan=5 noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Contractual Maturity Date</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD></TR>
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    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Fixed
    Rate</FONT></U></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Averge Int.Rate</FONT></U></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2016</FONT></U></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2017</FONT></U></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2018</FONT></U></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2019</FONT></U></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2020</FONT></U></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Thereafter</FONT></U></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>TOTAL</FONT></U></B></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Ch$ (UF)</FONT><FONT style="FONT-SIZE: 12pt" face=arial,sans-serif>
<SUP>(1)</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Bonds</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.2%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>5,607 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,064 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,064 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,064 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,064 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>64,743 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>98,605 </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Ch$ (UF) </FONT><SUP><FONT style="FONT-SIZE: 12pt" face=arial,sans-serif>(1)</FONT></SUP></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Banks</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.0%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,884 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,682 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,646 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>11,210 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,270 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>28,871 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>46,563 </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Ch$ </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Banks</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>5.4%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6,437 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>18,135 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,023 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,023 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,023 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>27,640 </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Banks</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.2%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>690 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>690 </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Argentine
pesos</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Banks</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>24.8%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>12,933 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6,855 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,722 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>530 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>22,040 </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Uruguayan
pesos</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Banks</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.0%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>345 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>851 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>851 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2,047 </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>TOTAL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>27,895 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>34,588 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>12,305 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>19,826 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>9,356 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>93,614 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>197,585 </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Variable
      rate</FONT></U></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Averge Int.Rate</FONT></U></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2016</FONT></U></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2017</FONT></U></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2018</FONT></U></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2019</FONT></U></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2020</FONT></U></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Thereafter </FONT></U></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>TOTAL
      </FONT></U></B></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Banks</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.6%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>10,564 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>126 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>5,663 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>16,354 </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Argentine
pesos</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Banks</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>25.2%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,905 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,661 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,098 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>805 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>5,469 </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>TOTAL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>12,469 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,788 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6,762 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>805 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>21,823 </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>TOTAL</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>40,363 </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>36,376 </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>19,067 </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>20,631 </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>9,356 </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>93,614 </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>219,407
</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" colSpan=2 noWrap>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>(1) UF as of Dec 31,
      2015</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>To hedge our market risks, we hold
debt obligations in various currencies and enter into derivatives contracts. See
&#8220;Item 11: Quantitative and Qualitative Disclosure about Market Risk.&#8221;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>Our treasury policy is to invest
in highly liquid financial instruments issued by first-class financial
institutions. Investments are made primarily in Chilean pesos and U.S. dollars.
As of December 31, 2015, we had invested CLP 149,708 million in Chilean peso
related instruments.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>The following table summarizes
financial instruments, including time deposits and securities purchased under
resale agreements (Repos), held by us as of December 31, 2015:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 45%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 0pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="50%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="50%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Short-Term Financial
    Instruments</FONT></U></B></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="50%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="50%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>(in millions of CLP)</FONT></P></TD></TR>
  <TR style="HEIGHT: 4.3pt">
    <TD style="HEIGHT: 4.3pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="50%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="50%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="50%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Time deposits
      </FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="50%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>32,639</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="50%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Repos</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="50%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>117,069</FONT></U></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="50%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Total</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="50%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>149,708</FONT></U></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>
<H5 style="MARGIN: 12pt 0cm 3pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 13pt" face=arial,sans-serif></FONT></I></B>&nbsp;</H5></DIV>
<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">74</FONT></P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_78></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader78"></a><DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>
<H5 style="MARGIN: 12pt 0cm 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; FONT-STYLE: normal" face=arial,sans-serif>Capital
Expenditures </FONT></B></H5>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Our plans for capital expenditures
through the period 2016-2019<SUP>(1)</SUP> are displayed in the following
table:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 60%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><I><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Operating
      segment</FONT></U></I></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2016</FONT></U></I></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2017</FONT></U></I></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2018</FONT></U></I></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2019</FONT></U></I></B></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(CLP Millions)</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 4.3pt">
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Chile</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT></I></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>84,663</FONT></I></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>52,244</FONT></I></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>130,929</FONT></I></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>81,118</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 13.1pt">
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>As a percentage of Total</FONT></I></P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>43.8%</FONT></I></P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>38.6%</FONT></I></P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>55.5%</FONT></I></P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>57.1%</FONT></I></P></TD></TR>
  <TR style="HEIGHT: 13.1pt">
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Machinery and
      equipment</FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>44,696</FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>24,378</FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>68,464</FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>32,056</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Packaging</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>19,010</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>14,568</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>16,045</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>18,407</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Marketing
      assets</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>9,602</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,092</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,512</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,001</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Software and
      hardware</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>685</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>310</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>218</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>173</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Others</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>10,670</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5,895</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>38,690</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>23,480</FONT></P></TD></TR>
  <TR style="HEIGHT: 4.3pt">
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>International
      Business</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>57,379</FONT></I></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>35,785</FONT></I></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>29,026</FONT></I></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>21,003</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 13.1pt">
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>As a percentage of Total</FONT></I></P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>29.7%</FONT></I></P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>26.5%</FONT></I></P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>12.3%</FONT></I></P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>14.8%</FONT></I></P></TD></TR>
  <TR style="HEIGHT: 13.1pt">
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Machinery and
      equipment</FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>23,720</FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5,348</FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,679</FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2,415</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Packaging</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>16,331</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>9,594</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>9,897</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>10,393</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Marketing
      assets</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>10,365</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>12,810</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,560</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,210</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Software and
      hardware</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3,258</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,153</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>733</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>243</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Others</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3,706</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,881</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3,157</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>742</FONT></P></TD></TR>
  <TR style="HEIGHT: 4.3pt">
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Wine</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT></I></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>12,506</FONT></I></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>10,860</FONT></I></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>11,904</FONT></I></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>9,767</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 13.1pt">
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>As a percentage of Total</FONT></I></P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6.5%</FONT></I></P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>8.0%</FONT></I></P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5.0%</FONT></I></P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6.9%</FONT></I></P></TD></TR>
  <TR style="HEIGHT: 13.1pt">
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Machinery and
      equipment</FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4,976</FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5,955</FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3,581</FONT></P></TD>
    <TD style="HEIGHT: 13.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2,690</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Packaging</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,127</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,459</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,570</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,707</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Marketing
      assets</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>15</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>23</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>25</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>28</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Software and
      hardware</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>227</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>104</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>92</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>88</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Others</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,161</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3,319</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,635</FONT></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5,255</FONT></P></TD></TR>
  <TR style="HEIGHT: 4.3pt">
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.35pt">
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="39%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Others</FONT></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>38,957</FONT></I></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>36,399</FONT></I></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>63,874</FONT></I></B></P></TD>
    <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>30,149</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 13.1pt">
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.1pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>As a percentage of Total</FONT></I></P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>20.1%</FONT></I></P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>26.9%</FONT></I></P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>27.1%</FONT></I></P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>21.2%</FONT></I></P></TD></TR>
  <TR style="HEIGHT: 4.3pt">
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 4.3pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 13.1pt">
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="6%">
      <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total</FONT></I></B></P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></I></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>193,505</FONT></I></B></P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>135,289</FONT></I></B></P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>235,731</FONT></I></B></P></TD>
    <TD style="HEIGHT: 13.1pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>142,037</FONT></I></B></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif>(1)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif>Updated April 5, 2016</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>During the years 2016 through
2019, we plan to make capital expenditures mainly to adapt, update and increase
production capacity, installing new packaging lines, enhancing environmental
protection, optimizing our distribution system and warehouse facilities,
investing in additional returnable bottles and crates to replace obsolete
inventories, adapting to new packaging formats and supporting industry volume
growth. Capital expenditures are also directed to improving management
information systems and making additional investments in marketing
assets.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>We review our capital investment
program periodically and changes to the program are made as appropriate.
Accordingly, we cannot assure you that we will make any of these proposed
capital expenditures at the anticipated level or at all. In addition, we are
analyzing the possibility of making acquisitions in the same or related beverage
businesses, either in Chile or in other countries of South America&#8217;s southern
cone. Our capital investment program is subject to revision from time to time
due to changes in market conditions for our products, general economic
conditions in Chile, Argentina and elsewhere, interest, inflation and foreign
exchange rates, competitive conditions and other factors.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>We expect to fund our capital
expenditures through a combination of internally generated funds, long-term
indebtedness and the 2013 capital increase.</FONT></P></DIV>
<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">75</FONT></P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
&nbsp; <A name="page_79"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader79"></a><DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0.2pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 35.4pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Contractual Obligations</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0.2pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The following table summarizes our known contractual obligations as of December 31, 2015:</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0.2pt 0pt 0cm">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 65%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt" vAlign=top width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt" vAlign=top width="28%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Payments due by period</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt" vAlign=top width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt" vAlign=top width="28%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>(in million of CLP)</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD vAlign=top width="35%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Contractual Obligations</FONT></I></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Total</FONT></I></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Less than 1 year</FONT></I></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1 - 3 years</FONT></I></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>3 - 5 years</FONT></I></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><I><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>More than 5 years</FONT></I></P></TD></TR>

<TR style="HEIGHT: 13.8pt">

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13.8pt" vAlign=top width="35%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Long-Term Debt Obligations <SUP>(1)</SUP></FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13.8pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>183,882</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13.8pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>38,858</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13.8pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>52,733</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13.8pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>27,548</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13.8pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>64,743</FONT></P></TD></TR>

<TR style="HEIGHT: 13.8pt">

   <TD style="HEIGHT: 13.8pt" vAlign=top width="35%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Capital Lease Obligations <SUP>(2)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.8pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>35,526</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,506</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2,710</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2,439</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>28,871</FONT></P></TD></TR>

<TR style="HEIGHT: 13.8pt">

   <TD style="HEIGHT: 13.8pt" vAlign=top width="35%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Operating Lease Obligations <SUP>(3)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.8pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>213,064</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>82,677</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>51,603</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>25,204</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>53,580</FONT></P></TD></TR>

<TR style="HEIGHT: 13.8pt">

   <TD style="HEIGHT: 13.8pt; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="35%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Purchase Obligations <SUP>(4)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.8pt; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>535,576</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>144,657</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>210,398</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>126,396</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>54,126</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt" vAlign=top width="35%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>968,048</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>267,697</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>317,444</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>181,587</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>201,320</FONT></B></P></TD></TR>

<TR style="HEIGHT: 5.05pt">

   <TD style="HEIGHT: 5.05pt" vAlign=top width="35%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.05pt" vAlign=top width="12%">

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   <TD style="HEIGHT: 5.05pt" vAlign=top width="14%">

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   <TD style="HEIGHT: 5.05pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.05pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.05pt" vAlign=top width="12%">

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(1) Includes interest.</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(2) Includes our obligations to lease our headquarters building (see Note 27 to the financial statements).</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(3) includes real state property, vineyards and warehouse leases, as well as marketing contracts.</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(4) Includes raw material purchase contracts.</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 35.4pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Off Balance Sheet Arrangements</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>We do not have any off-balance sheet arrangements involving any transactions, agreements or other contractual arrangements involving an unconsolidated entity under which we have:</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>made guarantees;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>a retained or a contingent interest in transferred assets;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>an obligation under derivative instruments classified as equity; or</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>any obligation arising out of a material variable interest in an unconsolidated entity that provides financing, liquidity, market risk or credit risk support to us, or that engages in leasing, hedging or research and development arrangements with us.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>We record payments made under operating leases as expenses, and none of our operating lease obligations are reflected on our balance sheet. We have no other off-balance sheet arrangements. See Note 35 to our audited consolidated financial statements for a more detailed discussion of contingencies, including guarantees.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none" face=Arial,sans-serif>Research and Development</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Innovation is the driver that allows CCU to meet constantly evolving demand. Our research and development efforts to continuously satisfy the market by introducing new products and brands, although significant, do not involve material expenditures, as we have a close relationship with the companies that own the brands subject to license contracts. The relationship with the license owners is a constant resource in these matters as well as in the application of production best practices, providing access to the &#8220;state of the art&#8221; techniques and knowledge in the industry. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In 2003, we entered into two technical agreements with Heineken Brouwerijen B.V. for assistance regarding all technical issues related to the production and bottling of Heineken Lager, one for Chile and the other for Argentina. On October 12, 2011, we and Heineken Brouwerijen B.V. signed the Amended and Restated versions of the Trademark License Agreements which provide us with the exclusive rights to produce, sell and distribute Heineken beer in Chile and Argentina, in effect as of January 1, 2011. These agreements have an initial term of 10 years, and shall automatically be renewed on January 1 of each year for a new period of ten years, unless any party gives notice of its decision not to renew, in which case the agreements will be in force until the last renewal period expires.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In May 2005, we entered into a technical assistance agreement with </FONT><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>Heineken Technical Services B.V. (currently Heineken Supply Chain B.V.) </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>for certain operational aspects of our breweries, with an initial term of one year, renewable for subsequent periods of one year each. See &#8220;Item 6: Directors, Senior Management and Employees&#8221; and &#8220;Item 7: Major Shareholders and Related Party Transactions.&#8221;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The license agreement between CCU Argentina and Anheuser-Busch, signed in 1995, as amended, also provides us with both technical and marketing assistance for the production and marketing of Budweiser beer brand in Argentina. See &#8220;Item 4: Information on the Company &#8211; Business Overview &#8211; Production and Marketing &#8211;International Business Operating segment.&#8221;</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 35.4pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Critical Accounting Policies and Practices</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>A summary of our significant accounting policies is included in Note 2 to our audited consolidated financial statements, which are included in this annual report. The preparation of financial statements requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. These estimates and assumptions are based on historical experiences, changes in the business environment and information collected from qualified external sources. However, actual results may differ from estimates under different conditions, sometimes materially. Critical accounting policies and estimates are defined as those that are both most important to the portrayal of our financial condition and results and/or require management&#8217;s subjective judgments. The most critical accounting policies and estimates are described below. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>a) Property, plant, equipment and bottles:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> The key judgments we must make under the property and equipment policy include the estimation of the useful lives of our various asset types, expected residual values, the election of a method for recording depreciation, management&#8217;s judgment regarding appropriate capitalization or expensing of costs related to fixed assets, and the evaluation of potential impairments, if any. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Property and equipment are stated at cost and are depreciated using the straight-line method based on the estimated useful lives of the assets. In estimating the useful lives (residual values are considered) we have primarily relied upon actual experience with the same or similar types of equipment and recommendations from the manufacturers. Useful lives are based on the estimated amount of years an asset will be productive and are revised periodically to recognize potential impacts caused by new technologies, changes to maintenance procedures, changes in utilization of the equipment, and changing market prices of new and used equipment of the same or similar types.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Property and equipment assets are evaluated for possible impairment. Factors that would indicate potential impairment may include, but are not limited to, significant decreases in the market value of the long-lived asset(s), a significant change in the long-lived asset&#8217;s physical condition and operating or cash flow losses associated with the use of the long-lived asset. This process requires our estimate of future cash flows generated by each asset or group of assets. For any instance where this evaluation process indicates impairment, the appropriate asset&#8217;s carrying values are written down to net realizable value and the amount of the write-down is charged against the results of continuing operations.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Expenditures that substantially improve and/or increase the useful life of facilities and equipment are capitalized. Other maintenance or repair costs are charged income as incurred. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>b) Goodwill, impairment of goodwill and intangible assets other than goodwill:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> Management exercises judgment in assessing goodwill and the useful lives of other intangible assets including commercial trademarks and software programs. Judgments are also exercised for assessing potential impairments for these kinds of assets. Goodwill is recorded as the excess of the purchase </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>price of companies acquired over the fair value of identifiable net assets acquired and is accounted for at its cost value less accumulated impairment losses, if any. 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. We annually review the recorded value of our goodwill, or sooner if changes in circumstances indicate that the carrying amount may exceed fair value. Recoverability of the carrying value of the asset is determined by comparing net book value, including goodwill, to fair value based on the estimated future net cash flows of the relevant assets. See Notes 2.15 and 2.16 to our financial statements.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>c) Deposits for returns of bottles and containers:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> 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.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The Company does not intend to make significant repayment of these deposits within the next 12 months. Such amounts are classified within current liabilities, under the line Other financial liabilities, 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 demand, 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>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>d) Severance Indemnities:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> As of December 31, 2015, the liabilities for mandatory severance indemnities have been determined at their current actuarial value, based on the accrued cost of the benefit, using an annual discount interest rate of 6.36% in Chile and 39.26% in Argentina. The calculation also considers several assumptions such as the estimated years of service that personnel will have at the date of their retirement, mortality rates and future salary increases. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>e) Financial instruments:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> The Company recognizes a financial asset or liability in its balance sheet when it becomes subject to the contractual stipulations of a financial instrument. As of the date of the initial recognition, Management classifies its financial assets (i) at fair value through profit and loss or collectible credits and accounts (ii) collectible credits and accounts, depending on the purpose for which the financial assets were acquired. For those instruments not classified at fair value through profit and loss, any cost attributable to the transaction is recognized as part of the asset value. 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 techniques including (i) the use of recent market transactions, (ii) references to the current market value of another financial instrument of similar characteristics, (iii) discounted cash flow, and (iv) other valuation models. These assets are valued at fair value and the gains or losses originated by the change in fair value are recognized in the Consolidated Statement of Income. The financial instruments 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.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The estimated losses from bad debts are determined by applying different 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, in accordance with current policies, for which losses are estimated due to partial deterioration based on a case by case analysis.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>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 Consolidated Statement of Income during the term of the loan, using the effective interest rate method. Interest paid and accrued related to debts and obligations used in a financing operations appear under financial cost. Loans and obligations accruing interest with a maturity within a 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. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>f) </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=arial,sans-serif>Accounting changes</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> The Company adopted the early application of Amendment to IAS 16 and 41 in 2015. This change in accounting policy implies that Biological assets (vines under formation and under production) are reclassified to Property, plant and equipment from Biological assets. Additionally, the costs associated with agricultural activities are reclassified to Biological current assets from Inventories. Until December 31, 2014 and January 1, 2014 these were presented under Biological assets (vines under formation and under production) and Inventories, respectively. The effects of this accounting policy are explained in Note 2.29 to our audited consolidated financial statements. For comparison purposes these change was applied retroactively to 2014. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>During the year ended on December 31, 2015, there have been no other significant changes in the use of accounting principles or relevant changes in any accounting estimates with regard to previous years that have affected these consolidated financial statements.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: 0cm"><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Trend Information</FONT></U></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The Chilean economy grew </FONT><FONT lang=EN-GB style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>2.1</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>% in 2015, with an inflation rate of</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> </FONT><FONT lang=EN-GB style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>4.4</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>%. The GDP growth for 2016 had been estimated in the range of </FONT><FONT lang=EN-GB style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>1.3</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>% to </FONT><FONT lang=EN-GB style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>3.4</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>%. Average unemployment was </FONT><FONT lang=EN-GB style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>6.3</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>% in 2015. We cannot assure you that the consumption of our products will vary in the same proportion as the overall economic indicators, since there is no perfect correlation. The conditions in particular sectors of the economy may have different impact in our business. Factors such as competition and changes in relative prices among the various types of beverages can affect the consumption of our products. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In December 2014, the Chilean government presented to the Chilean Congress a bill for a labor reform which could result in a more rigid labor market. This reform has been approved by the Chilean Congress but is currently pending resolution by the Constitutional Court.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>On June 26, 2015 decree N&#176; 13 of the Ministry of Health was published which modifies the Sanitary Food Products Regulations (DC 977 of the Ministry of Health) and enforces Law N&#176; 20,606 of the year 2012 regarding the nutritional composition of food products and its promotion. Both regulations establish certain restrictions on promotion material, labeling, and commercialization of these products that have been classified as being &#8220;high&#8221; in calories or any of the defined critical nutrients, such as sodium, sugar and saturated fats. Additionally on November 13, 2015 Law N&#176; 20,869 regarding Promotion of Food Products was published, which restricts the time of day for promotion on television and the cinema of the previously indicated products. This law will become effective as of June 27, 2016 and will affect a proportion of our non-alcoholic portfolio. We are taking measures to mitigate the impact of this new law.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The Chilean Congress is currently discussing a bill that provides, among others, a new regime of temporary water rights, which apply to future water rights that are granted. The bill would also introduce a system of revocation of water rights, for those not in use. This bill could be subject to modifications during its discussion in the Chilean Congress. </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#222222 face=arial,sans-serif>After its enactment, regulations will be required for the implementation of the new regime, which is not expected to occur during the year 2016.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face=Arial,sans-serif>Electricity spot prices have increased significantly in the past years due to drought conditions and the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> postponement of investments in new capacity, specifically hydroelectricity and coal generation. All CCU plants have electrical power contracts, either regulated or agreed with distributors or generators, with prices tied to spot prices, coal prices and CPI (U.S. consumer price index). A shortage is not foreseen in the coming years as electricity can be generated with fuel, though at a higher cost. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our main plants in Chile are supplied by Metrogas Quintero, a natural gas company, which imports gas from renewable sources at international prices. Accordingly, we do not foresee shortages as was the case in the past when the natural gas supply depended on Argentina.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The measures taken by the previous Argentine government to address the country&#8217;s economic crisis of 2002 severely affected the Argentine financial system&#8217;s stability and have had a materially negative impact on the country&#180;s economy. Recently, the Argentine government has lifted restrictions on foreign exchange transactions for obligations entered into after December 17, 2015. Restrictions on obligations entered into before December 17, 2015 will remain in effect until May 2016. If Argentina were to experience a new fiscal and economic crisis, the Argentine government could implement economic and political measures, which could adversely impact our business. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Since January 2006, the Argentine government has adopted different methods to directly and indirectly regulate the prices of various consumer goods, including bottled beer, in an effort to slow inflation. Additionally, measures taken by the previous Argentine government to control the country&#8217;s trade balance and to limit the access to foreign currencies have negatively impacted the free import of goods and royalty payments by the Company, and also the repatriation of profits. This situation has recently changed following the installation of the new government in December 2015. We cannot assure you that the current Argentine government will not implement this type of measures and that these will not have an adverse effect on our operations in Argentina.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Revenues from CCU Argentina, in Chilean pesos, are also subject to the volatility of exchange rates of the Chilean peso and Argentine peso in any given period. This volatility may also affect the level of income reported from our foreign operations under IFRS. </FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671484"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 6: Directors, Senior Management and Employees</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>A.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Directors and Senior Management</FONT></U></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The following table sets forth certain information with respect to the members of our board of directors, as of April 13, 2016: </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Andr&#243;nico Luksic</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> (62), was appointed Chairman of the board in April 2013 and has served as a Director since November 1986. He is currently a member of the Board of Cervecer&#237;a CCU, ECUSA, CCU Argentina, CICSA, and Central Cervecera de Colombia. He is also currently Chairman of the Board of Qui&#241;enco S.A. and LQ Inversiones Financieras S.A., Vice Chairman of the Board of Banco de Chile and Compa&#241;&#237;a Sud Americana de Vapores S.A., as well as a member of the board of directors of several other companies and institutions, including Antofagasta plc, Antofagasta Minerals, Nexans, Tech Pack S.A., and Invexans S.A. Mr.&nbsp;Luksic is a member of the International Business Leaders&#8217; Advisory Council for the Mayor of Shanghai. He is a member of the International Advisory Board of&nbsp;Barrick Gold, the International Advisory Council of the Brookings Institution, the Advisory Board of the Panama Canal Authority, and the Chairman&#8217;s International Council of the Council of the Americas.&nbsp;In addition, Mr.&nbsp;Luksic is a Trustee Emeritus at Babson College, and a member of the Harvard Global Advisory Council, the International Advisory Board of the Blavatnik School of Government at Oxford University, the International Advisory Boards of both the Tsinghua University School of&nbsp;Economics and Management and the Fudan University School of Management, the Harvard Business School Latin America Advisory Board, the Dean&#8217;s Council at the Harvard Kennedy School, the Advisory Committee of the David Rockefeller Center at Harvard University,&nbsp;and the Latin American Executive Board of the MIT Sloan School of Management.&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Marc Busain</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> (48) was appointed as our director and Vice Chairman of the board in April 2016. He is member of the board of Central Cervecera de Colombia. He has been with Heineken since 1995 where he is currently President of Heineken Americas. Prior to that he served within Heineken as Managing Director of different countries including Mexico, France, Egypt and Burundi. He holds a Master&#180;s degree in Economics from the Vrije Universiteit Brussel.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Francisco P&#233;rez</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> (58), has served as director since July 1998. He is Chief Executive Officer of Qui&#241;enco since 1998. Prior to joining Qui&#241;enco, he was our Chief Executive Officer between 1991 and 1998. He is member of the board of several companies, including Cervecer&#237;a CCU, CICSA, CCU Argentina, ECUSA, CPCh, Central Cervecera de Colombia, IRSA, Banco de Chile, Banchile Corredores de Seguros S.A., LQ Inversiones Financieras S.A.,VSPT, Sudamericana Agencias A&#233;reas y Mar&#237;timas S.A., Nexans and Hapag Lloyd.&nbsp;Also he is chairman of the board of CSAV (Compa&#241;&#237;a Sud Americana de Vapores S.A.), ENEX (Empresa Nacional de Energ&#237;a Enex S.A.) and Invexans S.A., and Vice Chairman of Tech Pack S.A. He received a degree in Business Administration from the Pontificia Universidad Cat&#243;lica de Chile and a Master&#8217;s degree in Business Administration from the University of Chicago.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Carlos Alberto Molina</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> (59), has served as our director since April 2012. He is also member of the board of Cervecer&#237;a CCU, ECUSA, CCU Argentina, CICSA, VSPT, Foods, Central Cervecera de Colombia and CPCh. He has over 30 years of management and strategic consulting experience in multiple industries, especially in beverages and consumer goods across the Americas. In beverages, his roles have included Business Development for Heineken Americas; Planning and Strategy for Femsa Cerveza; and board member of Kaiser in Brazil. Prior to these roles, Mr. Molina was a Partner with Booz, Allen &amp; Hamilton, a global business consulting firm. Mr. Molina is a Mexican citizen and has a BBA from the University of Houston, and an MBA from the University of Texas.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Vittorio Corbo</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>&nbsp;(73),</FONT><FONT lang=EN-US style="FONT-SIZE: 11.5pt" color=black face=arial,sans-serif>&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>has served as&nbsp;our director since&nbsp;April 2012. He&nbsp;is a Senior Research Associate at the Centro de Estudios P&#250;blicos (CEP) in Santiago, Chile. He is also Chairman of the board of Directors of Banco Santander Chile, and Director of Grupo Santander Mexico, and of SURA Insurance-Chile, and economic consultant to several large corporations in Chile and abroad. He served in senior management positions at the World Bank in Washington, DC, was Professor of Economics in Canada, the U.S.A. and Chile, was also President of the Central Bank of Chile (2003-2007) and&nbsp;Director of Banco Santander S.A. (Spain) from 2011-2014 among other jobs. Mr. Corbo holds a Commercial Engineering degree (with maximum distinction) from Universidad de Chile and a Ph.D. in economics from MIT.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Pablo Granifo</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> (57), was appointed as a director in April 2013. He has been the Chairman of Banco de Chile since 2007 and the Chairman of VSPT since 2013. He is member of the board of Cervecer&#237;a CCU. Additionally, he is Chairman of the boards of Banchile Asesor&#237;a Financiera S.A., Socofin S.A., Banchile Securitizadora S.A., and Banchile Administradora General de Fondos S.A., and a member of the executive committee of Banchile Corredores de Seguros Limitada. He is also a member of the board of Enex. He holds a Business Administration degree from the Pontificia Universidad Cat&#243;lica de Chile.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Rodrigo Hinzpeter (50),</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> was appointed as a director in July 2015. He is also member of the board of Cervecer&#237;a CCU, ECUSA and IRSA. Since 2014 he has been the Manager of the Legal department of Qui&#241;enco. Before that he was Minister of Internal Affairs and later Secretary of Defense for the Government of Chile. He received his Law degree from the Pontificia Universidad Cat&#243;lica de Chile.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Didier Debrosse</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> (59), was appointed as a director in July 2015. He is also member of the board of Cervecer&#237;a CCU. He has been working for Heineken since 1997, where he is currently President of Heineken Brazil. Additionally he is President of the Dutch Brazilian Chamber of Commerce and is Knight of the Legion of Honor as awarded by France. He received an Advanced Management Programme degree from INSEAD and completed the Board Member course at Harvard Business School.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Jos&#233; Miguel Barros</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> (52), was appointed as a director in April 2016. He is member of the board of VSPT. He is a Senior Managing Director and Partner of Chilean Investment Bank Larrain Vial S.A. He is currently member of the Board of Lipigas S.A., CDF, Stel Chile S.A., Bolsa de Productos S.A. and C&#225;mara Chileno-Holandesa de Comercio. Mr. Barros holds a Commercial Engineering degree from Pontificia Universidad Cat&#243;lica de Chile and is a graduate from PADE, ESE Buisiness School, Universidad de los Andes.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>John Nicolson</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> (62), served as our director from October 2008, and Vice Chairman from November 2008, until April 13, 2016. He served as member of the board of Cervecer&#237;a CCU, ECUSA, CCU Argentina S.A., CICSA and CPCh. He is the Chairman of IRSA and he was President of Heineken Americas and member of Heineken&#8217;s Executive Committee until 2013, having joined from Scottish &amp; Newcastle following its acquisition by Heineken N.V. His early career was with ICI Plc, Unilever PLC and Fosters Brewing Group. He also holds a non-executive position as Chairman of AG Barr PLC, NED of Stock Spirits Group PLC, and NED of North American Breweries and is a member of Edinburgh University&#8217;s Advisory Board. He received a degree in Marketing and Economics at the University of Strathclyde, Scotland and also completed the Executive Program at Carnegie Mellon University, U.S.A. and the Directors&#8217; Forum at London Business School, United Kingdom.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Jorge Luis Ramos</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> (63), served as our director from May 2011 until April 13, 2016. He was member of the board of directors of Cervecer&#237;a CCU, VSPT, ECUSA, CPCh and IRSA, among others. Mr. Ramos was appointed Deputy President for Heineken Americas in 2010 until 2013. He currently provides assistance to other boards of Heineken joint ventures in Central America. He also serves as director in other public and private companies in Mexico. He joined FEMSA in 1996 and became CEO of FEMSA Cerveza in 2006, after serving two years as Co-CEO. Mr. Ramos has a bachelor&#8217;s degree in Administration and Public Accounting from Tecnol&#243;gico de Monterrey and an MBA degree from the University of Pennsylvania&#8217;s Wharton School of Business.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Manuel Jos&#233; Noguera </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>(66), served as our director from May 1987 until June 30, 2015. He lends assistance to the board of Qui&#241;enco and is a senior partner at the law firm Noguera, Larra&#237;n y Dulanto Ltda. He has been the legal advisor for the Luksic Group for over 40 years. He received his Law degree from the Pontificia Universidad Cat&#243;lica de Chile.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Phillipe Pasquet </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>(77), served as our director from June 2003 until June 30, 2015. He has worked for Heineken since 1976. He was member of the board of directors of VSPT, CPCh, Foods and IRSA. He received degrees from the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&#201;cole Sup&#233;rieure de Commerce </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>in Dijon, France, the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Institut International de Commerce </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>in Paris, and the <EM>Centre Europ&#233;en d&#8217;Education Permanente</EM> in <FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Fontainebleau, France.</FONT></FONT></P>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">82</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The principal business activities of our current and former 2015 and 2016 directors are summarized in the following table:</FONT></P>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Directors</FONT></U></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 36pt"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Business Activities</FONT></U></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Andr&#243;nico Luksic</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Chairman of CCU</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Marc Busain</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>President of Heineken Americas</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Francisco P&#233;rez</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Qui&#241;enco&#8217;s CEO</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Carlos Molina</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Director of Companies</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Vittorio Corbo</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Director of Companies</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Pablo Granifo</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Chairman of Banco de Chile and VSPT</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Rodrigo Hinzpeter</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Manager Legal Department Qui&#241;enco</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Didier Debrosse</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>President of Heineken Brazil</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Jos&#233; Miguel Barros</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Director of Companies</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>John Nicolson</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Vice Chairman of CCU</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Jorge Luis Ramos</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Director of Companies</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Manuel Jos&#233; Noguera</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Director of Companies</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Philippe Pasquet</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Director of Companies related to Heineken</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>At the shareholder&#8217;s meeting held on April 13, 2016 a new board was elected for a term of three years. </FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt" face=arial,sans-serif>The current members are Messrs. Andr&#243;nico Luksic, Marc Busain, Francisco P&#233;rez, Carlos Molina, Vittorio Corbo, Pablo Granifo, Rodrigo Hinzepeter, Didier Debrosse and Jos&#233; Miguel Barros.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=PT-BR style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT></I>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The following table sets forth certain information with respect to our senior management as registered at the SVS, as of April 15, 2016: </FONT></P>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Senior Management</FONT></B></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Position</FONT></B></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Position Held Since</FONT></B></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>At Company Since</FONT></B></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Patricio Jottar </FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Chief Executive Officer</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>July 1998</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>July 1998</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Marisol Bravo </FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Corporate Affairs Senior Director</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>June 1994</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>July 1991</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Felipe Arancibia</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Chief Human Resources Officer</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>February 2014</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>April 2002</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Diego Bacigalupo</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="38%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Corporate Development Manager</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>January 2014</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>August 2013</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Mat&#237;as Bebin</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>General Manager CPCh </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>February 2014</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>October 2006</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Felipe Benavides </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="38%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>General Counsel</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>March 2015</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>March 2015</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Francisco Diharasarri </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="38%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>General Manager ECUSA </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>October 2003</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>June 1985</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Felipe Dubernet</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="38%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Chief Financial Officer</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>February 2014</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>May 2011</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Pedro Herane</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="38%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>General Manager VSPT</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>April 2013</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>May 2010</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Ronald Lucassen</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="38%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Industrial Processes Corporate Manager</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>May 2014</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>May 2014</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Hugo Ovando</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="38%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>General Manager Cervecer&#237;a CCU</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>February 2014</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>September 1997</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Mart&#237;n Rodriguez</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="38%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Head of Project Management Office</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>March 2015</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>March 2015</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Fernando Sanchis </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="38%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>General Manager CCU Argentina </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>May 1995</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>November 1994</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Jes&#250;s Garc&#237;a </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="38%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>General Controller</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>May 2005</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>May 2005</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Ludovic Auvray</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="38%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Manager International Business</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>June 2015</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>June 2015</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Alvaro Rio</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="38%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Manager Comercial CCU</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>March 2015</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>January 1991</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="22%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Alvaro Rom&#225;n</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="38%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Manager TCCU</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="21%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>March 2015</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>March 1999</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Patricio Jottar</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> (53), has served as our Chief Executive Officer since 1998. He is also currently a director of Cervecer&#237;a CCU, CCU Argentina, CICSA, ECUSA, VSPT, Foods, Aguas CCU, Bebidas CCU-Pepsico SpA, Promarca, CCK, Bebidas del Paraguay and Central Cervecera de Colombia, and is Chairman of the Board of CPCh, Comercial CCU and TCCU among others. Prior to joining us, he was Chief Executive Officer of Santander Chile Holding. He received a degree in Business Administration from the Pontificia Universidad Cat&#243;lica de Chile and a Master&#8217;s degree in Economics and Business Administration from the Instituto de Estudios Superiores de la Empresa, in Barcelona, Spain.</FONT></P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">83</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Marisol Bravo</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> (56), is our Corporate Affairs Senior Director and has been with us since 1991. Prior to her current position, she was Head of Special Projects. Before joining us, she was Assistant Manager of Marketing at Citicorp Mutual Funds. She received a degree in Business Administration from the Universidad de Chile</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Felipe Arancibia</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif> (41), is our Chief Human Resources Officer and assumed the position in January 2014. He has been with us since 2002, holding several positions in Finance and Business Development. The latest position was as of Corporate Finance and Investor Relations Manager. Prior to this position he was Global Finance Manager for Heineken International in Amsterdam and Business Development Manager for Heineken Brazil in Sao Paulo. Before this position he was the Planning and Finance Manager at ECUSA. He received a degree in Business Administration from Universidad de Los Andes in Chile and holds an Executive Scholar Program in Finance and Alumnus from Kellogg School of Management, Northwestern University and a certificate in Human Resources from the Ross School of Business from the University of Michigan and is also a part-time Professor at Universidad de Los Andes in Chile.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Ludovic Auvray</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif> (45) is our Manager International Business, and has held that position since July 2015. He is Chairman of the board of Milotur en Uruguay and, of Bebidas del Paraguay, and member of the board of Central Cervecera de Colombia and BBO among others. He has worked with Heineken since 1995 where he has held various positions in Sales and Marketing, his latest position was Global Marketing Director for Cerveza Sol and Specialty Beers in Heineken International&nbsp;in Amsterdam. He received an MBA from the Babson Graduate School.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Diego Bacigalupo</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> (36), is our Corporate Development Manager, and has held that position since January 2014. He has been with CCU since August 2013. He is currently a member of the board of PLASCO, Aguas CCU, Bebidas Bolivianas BBO, Bebidas del Paraguay, Milotur and Nutrabien, amongst others. Prior to his current position, he was Strategic Planning Manager of CCU between August and December 2013. Before joining us, he worked at Qui&#241;enco within its Business Development area. He received an Industrial Engineering degree from the Pontificia Universidad Cat&#243;lica de Chile and an MBA from MIT Sloan School of Management.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Matias Bebin</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> (33), has been the General Manager of CPCh since January 1, 2014. He is currently a member of the board of Transportes CCU. Prior to this position he was the Planning &amp; Finance Manager for the Company. He has been with us since 2006, working in different companies of the group such as ECUSA and Aguas CCU. He received a degree in Business Administration from the Pontificia Universidad Cat&#243;lica de Chile and a MBA from Berkeley University.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Felipe Benavides</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> (40) is our General Counsel, and has held the position since March 2015. Previous to this position he was the General Counsel at SMU since 2013. He was also a Senior Associate at Cariola, Diez, P&#233;rez Cotapos and an International Associate for Debevoise &amp; Plimpton LLP (New York). He received his Law degree from the Pontifica Universidad Cat&#243;lica de Chile and an LLM from Duke University.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Francisco Diharasarri</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> (55), is the General Manager of ECUSA and has been with us since 1985. Prior to his current position, he was General Manager of Cervecer&#237;a CCU, General Manager of ECUSA and General Manager of PLASCO. He is also currently Chairman of the Board of Aguas CCU, PLASCO, Foods, Alimentos Nutrabien S.A., Manantial, and Bebidas Carozzi CCU and is also a member of the board of CRECCU, CICSA, Transportes CCU, Bebidas CCU-Pepsico, Bebidas del Paraguay, Promarca, among others. He received a degree in Civil Engineering from the Universidad de Chile.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Felipe Dubernet</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> (46), is our Chief Financial Officer, and has held that position since February 2014. He has been with us since May 2011 as Procurement officer until January 2014. He is currently a member of the board of PLASCO, CRECCU and Transportes CCU, among others. Prior to his current position, he was Chief Procurement Officer CCU between May 2011 and January 2014. Prior to joining us, he worked for 15 years at Unilever holding several positions in Supply Chain and Finance </FONT>

<a name="page_88"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>in Chile, Brazil and United States. He received a degree
in Civil Engineering from the Pontificia Universidad Cat&#243;lica de
Chile.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Pedro
Herane</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> (46) is
the General Manager of VSPT and assumed the position as of April 2013.
Additionally, he is a member of the board of Vi&#241;a Valles de Chile S.A., Vi&#241;a
&#196;ltair S.A., Vi&#241;a del Mar de Casablanca S.A., Vi&#241;as Org&#225;nicas S.P.T. S.A., Finca
La Celia S.A., and Transportes CCU. Prior to his current position, he was in
charge of the Domestic Market as Commercial Manager of VSPT. Prior to joining
us, he was Senior Group Manager at Procter &amp; Gamble for 10 years in multiple
positions in Chile, Latin America and United States. He received a Bachelor&#8217;s
degree in Business from University Adolfo Ib&#225;&#241;ez in Chile and a Master&#8217;s degree
in Marketing from the Paris School of Management (ESCP &#8211; EAP) in
France.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Ronald
Lucassen</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> (51), has
been the Industrial Processes Corporate Manager since May 2014. Prior to this
position, Ronald worked for Heineken since January 1990. He worked in The
Netherlands as Production Manager in the Zoeterwoude Brewery and as Quality
Manager in Den Bosch. Subsequently he has completed a number of international
assignments, working as General Manager Brewing for DB Breweries&#8217; in New
Zealand, Technical Manager of GBNC in New Caledonia, Production Manager of the
Hainan Brewery in China for Asia Pacific Breweries, Supply Chain Director Czech
Republic, and Supply Chain Director Russia. He holds a Mechanical Engineering
degree and a Master&#8217;s degree from the Technische Universiteit Delft.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Hugo
Ovando</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> (46), is
the General Manager of Cervecer&#237;a CCU and assumed this position as of January
31, 2014. Prior to this, he has worked with us in several positions: General
Manager of CPCh</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" color=#1f497d face=Arial,sans-serif>, </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Corporate
Development Manager of CCU, General Manager of Transportes CCU, General Manager
of Comercial CCU, Development Manager, Corporate Projects Manager and Investor
Relations Manager. He has been with us since 1997. He is also a director of
Comercial CCU S.A., Transportes CCU Ltda., CICSA, CCK and Cervecer&#237;a Austral. He
received a degree in Business Administration from the Pontificia Universidad
Cat&#243;lica de Chile and a MBA from Babson College. </FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Mart&#237;n Rodriguez</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> (55), is the Head of
our Project Management Office, holding this new position since March 2015. He
was at Qui&#241;enco from 1999 to March 2015, as M&amp;A Manager and Strategic
Development Manager. He was a board member of Cervecer&#237;a CCU, ECUSA and Foods
until March 2015. He received a degree in Business and Administration from the
Pontificia Universidad Cat&#243;lica de Chile, and holds a Master&#180;s degree in
Economics from the same University and an MBA from UCLA.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Fernando
Sanchis</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> (55), is
the General Manager of CCU Argentina and has been with us since 1995. Prior to
joining us, he was Chief Financial Officer of Embochile, a former PepsiCo
bottler and held the same position at Uruguay&#8217;s PepsiCo&#8217;s bottler. He is also
currently a board member of CCU Argentina and Bebidas del Paraguay, amongst
others. He received an accounting degree from the University of Buenos Aires in
Argentina.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Alvaro
Rom&#225;n </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>(43),</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>
</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>is our General Manager of Transportes CCU, and has held
that position since May 2010. He has been with us since March 1999, where prior
to his current role he held various positions in sales, marketing and business
development. He received a degree in Civil Engineering from the Pontificia
Universidad Cat&#243;lica de Chile.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Alvaro R&#237;o
(</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>55) is our General Manager of Comercial CCU S.A., and has
held that position since May 2010, and as part of the Senior Management since
March 2015.&nbsp;He has been with CCU since 1991 holding various positions
including Operational Manager of Transportes CCU, and Sales Manager of
Cervecer&#237;a CCU. He received a degree in Business Administration from Universidad
Diego Portales.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Jes&#250;s
Garc&#237;a</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> (53) is
our General Controller since May 2015. He is currently a member of the board of
PLASCO and Transportes CCU. He has also worked with Heineken since 2000 in
various Finance positions in Spain, the Netherlands and Singapore, and
previously with Diageo and with PWC in Spain. Prior to joining CCU he served as
Senior Regional Tax Manager Asia Pacific for the Heineken </FONT>
<FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Group. He holds a degree in Business Law from Universidad de Sevilla, in Spain and a Master&#8217;s degree in Business Administration from Instituto Internacional San Telmo in Sevilla.</FONT></P></DIV>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our senior managers are full time employees; therefore, they do not perform principal business activities outside us.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>On January 13, 2003, the existing shareholders&#8217; agreement was amended in order to allow the Sch&#246;rghuber Group to sell its interest in IRSA to Heineken Americas B.V., a subsidiary of Heineken International B.V. On April 17, 2003, the Sch&#246;rghuber Group gave Qui&#241;enco formal notice of the sale of its interest in IRSA to Heineken International B.V. Currently, Heineken Chile Ltda., a Chilean limited corporation controlled by Heineken Americas B.V., owns 50% of IRSA&#8217;s shares. As of December 31, 2005, IRSA&#8217;s primary shareholders&#8217; agreement gives Qui&#241;enco the right to propose to our board of directors the candidates for Chief Executive Officer, and to Heineken Chile Ltda. our General Comptroller and Cervecer&#237;a CCU&#8217;s General Manager. On the other hand, under the agreement, neither Qui&#241;enco nor Heineken Chile Ltda. can separately, directly or indirectly, buy or sell our shares.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>B.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Compensation</FONT></U></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>For the year ended December 31, 2015, the aggregate amount of compensation paid by us to all our Directors was CLP</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> </FONT></B><FONT lang=EN-GB style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>2,982 </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>million.</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The board of directors&#8217; gross compensation is determined by the shareholders at the annual shareholders&#8217; meeting. As approved at the annual shareholders&#180; meeting held on April 15, 2015, the directors&#8217; monthly remuneration, for their attendance to meetings, independent of the number of meetings held in each period, was fixed in UF 100 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 2015. If the distributed dividends exceed 50% of the net profits, the board of directors&#8217; variable remuneration shall be calculated over a maximum 50% of such profits. Those directors that are members of the directors committee (See Item 6.C. Board Practices &#8211; directors committee) receive a remuneration 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&#186; 18,046 and Regulation N&#176; 1956 of the SVS. Directors that are members of the audit committee receive a monthly remuneration of UF 25. The described compensation package was also approved for 2016 at shareholders&#8217; meeting held on April 13, 2016.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In 2015, the total compensation paid by us and our subsidiaries to each of our directors for services rendered was as follows:</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Attendance</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Dividend</FONT></B></P></TD>

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   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Director</FONT></U></B></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Meetings fee </FONT></U></B></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Participation<SUP>(1)</SUP></FONT></U></B></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total</FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="40%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="40%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>(in thousands of CLP)</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Andr&#243;nico Luksic Craig</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>43,852</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>199,262</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>243,114</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>John Nicolson</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>122,152</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>199,262</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>321,415</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Jorge Luis Ramos</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>144,784</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>218,572</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>363,356</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Manuel Jos&#233; Noguera Eyzaguirre</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>14,809</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>199,262</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>214,071</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Philippe Pasquet</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>99,780</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>218,572</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>318,352</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Francisco P&#233;rez Mackenna</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>244,612</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>199,262</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>443,874</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Carlos Molina Sol&#237;s</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>150,996</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>199,262</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>350,258</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Vittorio Corbo</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>111,781</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>199,262</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>311,043</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Pablo Granifo Lavin</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>72,268</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>237,882</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>310,150</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Rodrigo Hinzpeter Kirberg</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>70,657</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>70,657</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="40%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Didier Debrosse</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>35,515</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>35,515</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=4>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><SUP><FONT style="FONT-SIZE: 7pt" color=black face=cambria>(1)</FONT></SUP><FONT style="FONT-SIZE: 7pt" color=black face="times new roman">&nbsp;</FONT><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>Includes the remuneration for members of the Audit and Directors Committees.</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">86</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>For the year ended December 31, 2015, the aggregate amount of compensation paid to our senior managers registered at the SVS during 2015, was CLP</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> </FONT></B><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>5,497</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif> million. We do not and are not required under Chilean law to disclose to our shareholders or otherwise make public information as to the compensation of our individual senior managers.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>We do not maintain any stock option, pension or retirement programs for our directors or senior managers. </FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>C.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Board Practices </FONT></U></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>We are managed by our board of directors which, in accordance with our bylaws (Estatutos), is formed by nine directors who are elected at the annual shareholders&#8217; meeting. The entire board of directors is elected for three years. The board of directors may appoint replacements to fill any vacancies that occur during periods between annual shareholders&#8217; meetings. If such vacancy occurs, the entire board of directors must be renewed at the next following shareholders&#8217; meeting. On April 10, 2013, at the annual shareholders&#8217; meeting, the entire board of directors was renewed for a term of three years and the board members elected were Messrs. Andr&#243;nico Luksic, John Nicolson, Vittorio Corbo, Manuel Jos&#233; Noguera, Carlos Molina, Philippe Pasquet, Francisco P&#233;rez, Jorge Luis Ramos and Pablo Granifo. None of our directors is party to a service contract with us or any of our subsidiaries that provides for benefits upon termination.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Due to the resignation of Messrs. Manuel Jos&#233; Noguera Eyzaguirre and Philippe Pasquet of their positions as directors of the Company, both effective as of June 30, 2015, at the board of directors&#180; meeting held on July 7, 2015, Messrs. Didier Debrosse and Rodrigo Hinzpeter Kirberg were appointed as directors, until the next annual shareholders&#180; meeting, as permitted by Article 32 of the Chilean Corporations Act.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>At the shareholder&#8217;s meeting held on April 13, 2016, a new board was elected for a term of three years. The current members of the board of directors are Messrs. Andr&#243;nico Luksic, Marc Busain, Francisco P&#233;rez, Carlos Molina, Vittorio Corbo, Pablo Granifo, Rodrigo Hinzepeter, Didier Debrosse and Jos&#233; Miguel Barros.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our senior managers are appointed by the board of directors and hold office at the discretion of the board of directors. There are regularly scheduled meetings of the board of directors once a month; extraordinary meetings are specially summoned by the Chairman, at the request of one or more board members where prior qualification of the necessity of such meeting has been met and, in any case, if requested by the absolute majority of the directors. The board of directors does not have an executive committee.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Directors Committee</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The directors committee discussions, agreements, and organization are regulated, in every applicable matter, by the Chilean Corporations Act provisions relating to board of directors&#8217; meetings. The directors committee shall inform the board of directors about the manner in which it will request information and about its resolutions.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In addition to the general liabilities imputable to any director, the directors that compose the directors committee shall, in the exercise of their duties, be jointly and severally liable for any damage caused to the corporation or the shareholders.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>According to the Chilean Securities Market Law and the Chilean Corporations Act, corporations whose market capitalization reaches or exceeds 1.5 million Unidades de Fomento (as of March 31, 2016 approximately CLP 38,718 million) and at least 12.5% of its outstanding shares with voting rights are in the possession of shareholders that individually control or possess less than 10% of such shares, shall designate a &#8220;comit&#233; de directores&#8221; or &#8220;directors committee&#8221; and appoint at least one independent director. The directors committee shall be composed of three members and at least one member shall be independent. If the market capitalization or stock percentage falls below this threshold, the obligation to designate a directors committee no longer applies. However, corporations which do not meet these requirements may voluntarily assume the obligations concerning the directors committee, in which case they shall strictly follow the provisions of the Chilean Corporations Act.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Pursuant to the Chilean Corporations Act, the powers and duties of the directors committee are as follows:</FONT></P>

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<UL style="MARGIN-BOTTOM: 0cm; MARGIN-TOP: 0cm" type=disc>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>to examine the independent accountants&#8217; reports, the balance sheets, and other financial statements submitted by the corporation&#8217;s managers or liquidators to the shareholders, and issue an opinion about them prior to their submission for shareholder approval;</FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>to propose to the board of directors the independent accountants and the risk rating agencies, which the board must then propose to the shareholders. Should the board of directors disagree with the directors committee&#8217;s proposal, the board shall be entitled to make its own proposal, submitting both to the shareholders for their consideration;</FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>to examine the documentation concerning related-party transactions of the company and its subsidiaries, and to produce a written report on such transactions. A copy of the report shall be delivered to the board, and shall be read at the board meeting in which the transaction is presented for approval or rejection;</FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>to examine the managers&#8217;, principal executive officers&#8217; and employees&#180; remuneration policies and compensation plans;</FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>to prepare an annual report of the performance of its duties, including the principal recommendations to shareholders; </FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>to advise the board of directors as to the suitability of retaining the independent accounting firm to provide non-audit services, which are not prohibited by the Chilean Securities Market Law, if the nature of such services could impair the accountants independence from the Company; and</FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>all other matters contemplated in our bylaws or entrusted to the directors committee by a shareholders&#8217; meeting or the board of directors.</FONT> </LI></UL>

<P style="MARGIN: 0cm 0cm 0pt 450.4pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Regarding related party transactions mentioned in the third bullet point above, Chapter XVI of the Chilean Corporations Act applies to open stock corporations and its subsidiaries, while dispositions of Articles 44, 89 and 93 of the Chilean Corporations Act, are applicable only to closed corporations, which are not subsidiaries of an open stock corporation. See &#8220;Item 7: Major Shareholders and Related Party Transactions.&#8221;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Pursuant to the Chilean Corporations Act, no person shall be considered independent who, at any time during the previous eighteen months:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -15pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>1. &nbsp;Maintained any relationship, interest or economic, professional, credit or commercial dependence, of a nature and relevant volume, with the company, other companies of the financial conglomerate to which the company belongs, its comptroller, or principal executive officer of any one of them, or was a director, manager, administrator, principal executive officer or advisor of such companies;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>2. &nbsp;&nbsp;Was a close relative (i.e., parents, father/mother in law, sisters, brothers, sisters/brothers in law), to any one of the persons referred to in 1 above;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>3. &nbsp;&nbsp;Was a director, manager, administrator or principal executive officer of non-profit organizations that received contributions or large donations from any individual referred to in clause 1 above;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>4. &nbsp;&nbsp;Was a partner or shareholder that possessed or controlled, directly or indirectly, 10% or more of the company&#8217;s capital; a director; manager; administrator or principal executive officer of entities who had provided consulting or legal services, for relevant amounts, or of external audit, to the persons referred to in 1 above; or</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>5. &nbsp;&nbsp;Was a partner or shareholder who possessed or controlled, directly or indirectly, 10% or more of the company&#8217;s capital; a director; manager; administrator or principal executive officer of principal competitors, suppliers or clients of the company.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Should there be more than three directors entitled to participate in the directors committee, the board of directors shall elect the members of the directors committee by unanimous vote. Should the board of directors fail to reach an agreement, preference to be appointed to the committee shall be given to directors elected with the highest percentage of votes cast by shareholders that individually control or possess less than 10% of the company&#8217;s shares. If there is only one independent director, such director shall appoint the other members of the committee among non-independent directors. Such directors shall be entitled to exercise full powers as members of the committee. The chairman of the board of directors shall not be entitled to be appointed as a member of the committee nor any of its subcommittees, unless he is an independent director.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>To be elected as independent director, the candidates must be proposed by shareholders that represent 1% or more of the shares of the company, at least 10 days prior to the date of the shareholders' meeting called to that end.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The candidate who obtains the highest number of votes shall be elected as independent director.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>At the shareholders meeting held on April 10, 2013, a new board of directors was appointed for a three year term. Mr. Vittorio Corbo was elected as independent director in accordance with Article 50 bis of the Chilean Corporations Act. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In the board meeting held on April 10, 2013, the independent director Mr. Vittorio Corbo, in accordance with the above-referenced law, appointed Messrs. Philippe Pasquet and Francisco P&#233;rez as members of our directors committee, which is composed of the three directors above mentioned. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Due to the resignation of Mr. Philippe Pasquet of his position as director of the Company, effective as of June 30, 2015, at the board of directors meeting held on July 7, 2015, the independent director Mr. Vittorio Corbo appointed director Mr. Jorge Luis Ramos as a member of the directors committee, to replace Mr. Philippe Pasquet, as required by article 50 bis of the Chilean Corporations Act.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Finally, at the shareholders&#180; meeting held on April 13, 2016, a new board of directors was elected for a three year term. Mr. Vittorio Corbo was elected as independent director in accordance with Article 50 bis of the Chilean Corporations Act. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>At the board meeting held on April 13, 2016, following the shareholders&#180; meeting, the independent director Mr. Vittorio Corbo, in accordance with the above-referenced law, appointed Messrs. Francisco P&#233;rez and Carlos Molina as members of our directors&#8217; committee. Therefore the directors committee is currently composed by Messrs. Vittorio Corbo, Francisco P&#233;rez and Carlos Molina.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The members of the directors committee receive a remuneration the amount of which is established annually by the shareholders, taking into consideration the duties that the directors committee members shall perform, which shall not be less than a third of the remuneration of a director. The remuneration of our directors committee members, as approved at the shareholders&#8217; meeting of the Company held on April 10, 2013, is 34 Unidades de Fomento (as of March 31, 2016, approximately CLP 877.2 thousand) per attendance at a directors committee meeting plus the amount required to complete the remaining third of the remuneration of a director. The same remuneration package was approved for 2014, 2015 and 2016, at the shareholders&#8217; meetings of the Company held on April 9, 2014, April 15, 2015, and April 13, 2016, respectively. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The shareholders shall determine the budget of the directors committee and those of its advisors, which, pursuant to Chilean Corporations Act, shall not be less than the aggregate amount of the annual remuneration of the committee members. The directors committee shall be allowed to request </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>the recruitment of professionals to fulfill its duties within the limits imposed by the budget. The activities of the directors committee, the annual report of the performance of its duties and its expenses, including its advisors&#8217; expenses, shall be included in the annual report and conveyed to the shareholders. The budget of the directors&#8217; committee and its advisors, approved at the shareholders&#8217; meeting of the Company held on April 13, 2016, shall be equal to the aggregate amount of the annual remuneration of the committee members.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Audit Committee</FONT></U></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In accordance with provisions of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), the Sarbanes-Oxley Act of 2002 (the &#8220;Sarbanes-Oxley Act&#8221;) and the corporate governance rules of the New York Stock Exchange (the &#8220;NYSE Rules&#8221;) applicable to us as a foreign private issuer with securities listed on a U.S. national exchange, we have an audit committee. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>At the board of directors meeting held on April 10, 2013, following the election of a new board at the shareholders&#180; meeting, the board of directors appointed the following directors to our audit committee: Vittorio Corbo and Philippe Pasquet. Mr. Pasquet and Mr. Corbo meet the independence criteria under the Exchange Act and under the NYSE Rules. The board of directors also resolved that directors Mr. Jorge Luis Ramos and Mr. Francisco P&#233;rez shall participate in the audit committee&#180;s meetings as observers.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Due to the resignation of Mr. Philippe Pasquet of his position as director of the Company, effective as of June 30, 2015, at the board of directors&#180; meeting held on June 7, 2015, Mr. Jorge Luis Ramos Santos was appointed as a member of the audit committee, to replace Mr. Pasquet. Additionally, at the board of directors&#180; meeting held on July 7, 2015, director Carlos Molina was appointed to the audit committee on an observer status. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Finally, at the board of directors meeting held on April 13, 2016, following the election of a new board at the shareholders&#180; meeting held the same day, the board of directors appointed directors Vittorio Corbo and Carlos Molina to our audit committee. Mr. Corbo and Mr. Molina meet the independence criteria under the Exchange Act and under the NYSE Rules. The board of directors also resolved that directors Mr. Jos&#233; Miguel Barros and Mr. Francisco P&#233;rez shall participate in the audit committee&#180;s meetings as observers.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The duties of the audit committee are: </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<UL style="MARGIN-BOTTOM: 0cm; MARGIN-TOP: 0cm" type=disc>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>To be responsible for the hiring, remuneration and supervision of the work of public accounting firms hired to prepare or issue audit reports or review or certify such reports. The external auditors shall report directly to the audit committee regarding such matters.</FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Resolve disputes that arise between our administration and the external auditors with regard to financial reports.</FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Grant approval prior to the contracting of non-audit services provided by the external auditors.</FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Establish a procedure for receiving and responding to complaints received with regard to accounting, accounting controls or other auditing matters whereby employees may anonymously and confidentially report their concerns related to these matters.</FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Establish an annual budget for expenses and hiring of external consultants.</FONT> </LI></UL>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The audit committee meets regularly and also holds meetings with our managers, our comptroller, and our internal and external auditors in order to discuss a variety of topics related to its duties.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">90</FONT></P></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>D.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Employees </FONT></U></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The following table shows the breakdown of our employees by operating segments as of December 31 for each of the years listed below:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 60%" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2015</FONT></B></P></TD></TR>

<TR style="HEIGHT: 7.2pt">

   <TD style="HEIGHT: 7.2pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="53%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 7.2pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 7.2pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 7.2pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Chile</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2,083</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2,514</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2,594</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>International Business</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,442</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>1,857</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>1,938</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Wine </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,180</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>1,206</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>1,250</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Others <SUP>(1)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2,184</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2,265</FONT></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2,318</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>6,889</FONT></B></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>7,842</FONT></B></P></TD>

   <TD vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.35pt; BACKGROUND: white; BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>8,100</FONT></B></P></TD></TR>

<TR style="HEIGHT: 4.3pt">

   <TD style="HEIGHT: 4.3pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=6>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=6>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(1) Includes our corporate office, PLASCO, TCCU, CRECCU and Comercial CCU.</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>All employees who are terminated for reasons other than misconduct are entitled by law to receive a severance payment. In the last three years, we made severance payments in the amounts of CLP million <FONT style="FONT-SIZE: 10pt" face=Arial>3,244</FONT>, CLP 9,258 million and CLP 6,078 million, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In Chile, permanent employees are entitled to the basic payment, as required by law, of one month&#8217;s salary for each year, or six-month portion thereof, worked. This condition is subject to a limitation of a total payment of no more than 11 months&#8217; pay for employees hired after August 14, 1981. Severance payments to employees hired before August 14, 1981 are not subject to this limitation. Our employees who are subject to collective bargaining agreements have a contractual benefit to receive a payment in case of resignation, consisting of a payment of one monthly base salary for each full year worked, not subject to a limitation on the total amount payable but subject to a limitation on the total number of employees who can claim the severance benefit during any one year. In 2015, we laid off 689 employees.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Chile Operating segment, Wine Operating segment and Other</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In the Chile, Wine and Other Operating segments, as of December 31 of the last three years, we had a total of 5,447, 5,985 and 6,162 permanent employees, respectively. As of December 2015, 3,495 were represented by 45 labor unions. The average tenure of our permanent employees was approximately eight years.</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Unionized employees represent approximately 57% of our total permanent workforce. Our management believes it generally has a good relationship with the labor unions representing our employees.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>During 2015, 1,125 employees renewed their collective contracts, most of them for a period of two years. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>We do not maintain any pension fund or retirement program for our employees. Workers in Chile are subject to a national pension fund law which establishes a system of independent pension plans, administered by </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Administradoras de Fondos de Pensiones</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> (&#8220;AFPs&#8221;). We have no liability for the performance of the pension plans or any pension payments to be made to our employees.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In addition to our permanent work force, as of December 31, 2015, we had 325 temporary employees, who were hired for specific time periods to satisfy short-term needs.</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>International Business Operating segment </FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Collective bargaining in Argentina is done on an industry-wide basis, rather than, as in Chile, on a company-by-company basis. In Argentina, as in Chile, all employees who are terminated for reasons </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>other than misconduct are entitled by law to receive a severance payment. According to the Argentine Labor Law, employees who joined us before October 1998 are entitled to the basic payment as required by law of one month&#8217;s salary for each year or fraction thereof worked. This monthly amount cannot exceed three times the average monthly salary established under the applicable collective bargaining agreement and cannot be less than the equivalent of two monthly salaries of the employee.</FONT></P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">91</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In Argentina, unionized employees represent approximately </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>74</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>% of our total permanent workforce, moreover in Uruguay this number represent </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>71</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>% of our total permanent workforce.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In addition to our permanent work force, as of December 31, 2015, we had </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>386</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif> temporary employees, who were hired for specific time periods to satisfy short-term needs.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>E.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Share Ownership</FONT></U></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.2pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Except as disclosed in &#8220;Item 7: Major Shareholders and Related Party Transactions &#8211; Major Shareholders,&#8221; as of March 31, 2016, our senior management and our board members in the aggregate owned less than one percent of our shares.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>We do not maintain stock option or other programs involving our employees in the capital of the Company.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671485"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 7: Major Shareholders and Related Party Transactions</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>A.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Major Shareholders </FONT></U></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our only outstanding voting securities are our shares of our common stock. The following table sets forth information concerning the ownership of our common stock as of March 31, 2016, presenting the twelve largest shareholders and all of our directors and senior management as a group:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT size=2 face=Arial></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 60%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="62%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Shareholder</FONT></B></P></TD>

   <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Number of shares owned</FONT></B></P></TD>

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>% Ownership</FONT></B></P></TD></TR>

<TR style="HEIGHT: 5.75pt">

   <TD style="HEIGHT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="62%" colSpan=3>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13.8pt">

   <TD style="HEIGHT: 13.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="62%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=Calibri,sans-serif>INVERSIONES Y RENTAS S A <SUP>(1)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>196,421,725</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>53.16%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="62%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=Calibri,sans-serif>J P MORGAN CHASE BANK SEGUN CIRCULAR</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>63,614,029</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>17.22%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="62%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=Calibri,sans-serif>BANCO ITAU POR CUENTA DE INVERSIONISTAS EXTRANJEROS</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>30,567,227</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>8.27%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="62%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=Calibri,sans-serif>BANCO DE CHILE POR CUENTA DE TERCEROS NO RESIDENTES</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>26,191,534</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>7.09%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.8pt">

   <TD style="HEIGHT: 13.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="62%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=Calibri,sans-serif>INVERSIONES IRSA LTDA<SUP> (1)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>25,279,991</FONT></P></TD>

   <TD style="HEIGHT: 13.8pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>6.84%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="62%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=Calibri,sans-serif>BANCO SANTANDER POR CUENTA DE INV EXTRANJEROS</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>8,705,816</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2.36%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="62%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=Calibri,sans-serif>BANCO SANTANDER-HSBC BANK PLC LONDON CLIENT ACCOUN</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2,601,580</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>0.70%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="62%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=Calibri,sans-serif>BANCHILE C DE B S A</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>2,085,073</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>0.56%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="62%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=Calibri,sans-serif>BOLSA ELECTRONICA DE CHILE BOLSA DE VALORES</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>1,095,203</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>0.30%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="62%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=Calibri,sans-serif>BOLSA DE COMERCIO DE SANTIAGO BOLSA DE VALORES</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>987,409</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>0.27%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="62%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=Calibri,sans-serif>BTG PACTUAL CHILE S A C DE B</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>561,336</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>0.15%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="62%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=Calibri,sans-serif>VALORES SECURITY S A C DE B</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>526,756</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>0.14%</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="62%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Our directors and senior management as a group<SUP> (2) </SUP></FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>14,897</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>0.004%</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="82%" colSpan=4>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(1) Inversiones y Rentas S.A. owns 99.9999% of Inversiones IRSA Ltda.&#8217;s equity.</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="20%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="102%" colSpan=5>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(2) Does not include the 221,701,716 shares of our common stock owned, directly and indirectly, by Inversiones y Rentas S.A., which is 50% beneficially owned by Qui&#241;enco, holding company of the Luksic Group, as discussed below, which is controlled by the Luksic family. Andr&#243;nico Luksic, our Director, is a member of the Luksic family.</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">92</FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<a name="_bclHeader96"></a><DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>To the best of our knowledge our beneficial shareholders who own more than 5% of the outstanding shares of our common stock are IRSA with 60.00% and Commonwealth Bank of Australia with 7.85% (according to the Schedule 13G filed on February 12, 2016, stating a holding of 29,000,801 shares, as of December 31, 2015).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>As of March 31, 2016, JPMorgan Chase Bank N.A. (&#8220;JPMorgan&#8221;), the Depositary for our ADR facility, was the record owner of 63,614,029 shares of our common stock (17.22% of the outstanding common stock) deposited in our ADR facility.</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>As of March 31, 2016, we had</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>4,328</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; LETTER-SPACING: -0.1pt" face=Arial,sans-serif> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>shareholders of record. To the best of our knowledge 12 shareholders are not Chilean, excluding ADR holders, and of those 12 non-Chilean shareholders, to the best of our knowledge 2 are U.S. corporations with a total of 78,343 (0.02%) shares of common stock. Non-Chileans can also hold shares in custody of private banks. However, as that information is not publicly available, we have included four custodians as part of the 12&nbsp;non-Chilean shareholders although we have no citizenship information relating thereto. All shareholders have equal voting rights.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>IRSA is a Chilean corporation owned 50% by Qui&#241;enco, which is a holding company of the Luksic Group, and 50% by Heineken Chile Ltda., a subsidiary of Heineken International. IRSA directly owns 196,421,725 shares of our common stock and indirectly, through Inversiones IRSA Ltda., 25,279,991 additional shares of our common stock. Inversiones IRSA Ltda. is a subsidiary of IRSA.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>B.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Related Party Transactions</FONT></U></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Regarding related party transactions, Chapter XVI of the Chilean Corporations Act is applicable to open-stock corporations and their subsidiaries, while Articles 44, 89 and 93 are only applicable to closed corporations which are not subsidiaries of an open-stock corporation.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Pursuant to Chapter XVI of the Chilean Corporations Act referenced above, a related-party transaction shall be any and all negotiation, agreement or operation between the open-stock corporation and any one of the following:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>one or more related persons pursuant to the Chilean Securities Market Law;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>a director, manager, administrator, principal executive officer or liquidator of the company, personally or acting on behalf of a person other than the company, or their respective spouses or close relatives (e.g. parents, father/mother in law, sisters, brothers, sisters/brothers in law);</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>company or concern in which the persons referred to in the above clause are the owners, directly or indirectly through any other individual or corporation, of 10% or more of its capital; or of which any of the persons referred to in the above clause are a director, manager, administrator, principal executive officer thereof;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>those contemplated by the bylaws of the company or upon sufficient grounds determined by the directors committee, as the case may be, which can include subsidiaries in which the company owns, directly or indirectly, at least 95% of the equity or capital stock;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>those in which the office of director, manager, administrator, principal executive officer or liquidator has been held by a director, manager, administrator, principal executive officer or liquidator of the company within the prior 18 months.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The following persons are considered under the Chilean Securities Market Law to be related persons: </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<UL style="MARGIN-BOTTOM: 0cm; MARGIN-TOP: 0cm" type=disc>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>any entities within the financial conglomerate to which the company belongs;</FONT> </LI></UL></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">93</FONT></P>

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<a name="_bclHeader97"></a><DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<UL style="MARGIN-BOTTOM: 0cm; MARGIN-TOP: 0cm" type=disc>
  <LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>corporate entities that have, with respect to us, the
  character of parent company, affiliated companies or subsidiary. Parent
  companies are those that control directly or indirectly more than 50% of the
  subsidiary&#8217;s voting stock (or participation, in the case of business
  organizations other than stock companies), or that may otherwise elect or
  appoint, or cause the election or appointment, of the majority of the
  directors or officers. A limited partnership (sociedades en comandita) may
  likewise be a subsidiary of a corporation, whenever the latter has the power
  to direct or guide the administration of the general partner (gestor) thereof.
  For these purposes, affiliated companies are those where one of them, without
  actually controlling the other, owns directly or indirectly 10% or more of the
  latter&#8217;s voting stock (or equity, in the case of business organizations other
  than stock companies), or that may otherwise elect or appoint, or cause the
  election or appointment of, at least one board member or manager;</FONT>
</LI></UL>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<UL style="MARGIN-BOTTOM: 0cm; MARGIN-TOP: 0cm" type=disc>
  <LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>persons
  who are directors, managers, administrators, principal executive officers or
  liquidators of us, and their spouses or their close relatives (i.e. parents,
  father/mother in law, sisters, brothers, sisters/brothers in law); as well as
  any other entity controlled by, directly or indirectly, any one of the above;
  and</FONT> </LI></UL>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<UL style="MARGIN-BOTTOM: 0cm; MARGIN-TOP: 0cm" type=disc>
  <LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>any
  person who, whether acting alone or in agreement with others, may appoint at
  least one member of our management or controls 10% or more of our voting
  capital.</FONT> </LI></UL>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The SVS
may presume that any individual or corporate entity is related to a company if,
because of relationships of equity, administration, kinship, responsibility or
subordination, the person:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 450.4pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>whether acting alone or in agreement with others, has
sufficient voting power to influence the company&#8217;s management</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>creates conflicts of interest in doing business with the
company;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>in the case of a corporate entity, is influenced in its
management by the company; or</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>holds employment or a position which affords the person
access to non-public information about the company and its business, which
renders the person capable of influencing the value of the company&#8217;s
securities.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>However, a
person shall not be considered to be related to a company by the mere fact of
owning up to 5% of the company, or if the person is only an employee of the
company without managerial responsibilities.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Additionally, pursuant to Article 147 of Chapter XVI of
the Chilean Corporations Act, an open-stock corporation shall only be entitled
to enter into a related-party transaction when it is in the interest of the
company, the price, terms and conditions are similar to those prevailing in the
market at the time of its approval and the transaction complies with the
requirements and procedures stated below: </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>1. &nbsp;The directors, managers, administrators,
principal executive officers or liquidators that have an interest or that take
part in negotiations conducive to the execution of an arrangement with a related
party of the open-stock corporation, shall report it immediately to the board of
directors or whomever the board designates. Those who breach this obligation
will be jointly liable for damages caused to the company and its
shareholders.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>2. &nbsp; Prior to the company&#8217;s consent to a related
party transaction, it must be approved by the absolute majority of the members
of the board of directors, with exclusion of the interested directors or
liquidators, who nevertheless shall make public his/her/their opinion with
respect to the transaction if it is so requested by the board of directors,
which opinion shall be set forth in the minutes of the meeting. Likewise, the
grounds of the decision and the reasons for excluding such directors from its
adoption must also be recorded in the minutes.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>3. &nbsp;The resolutions of the board of directors
approving a related party transaction shall be reported at the next following
shareholders' meeting, including a reference to the directors who approved such
</FONT><a name="page_98"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>transaction. A reference to the transaction is to be
included in the notice of the respective shareholders' meeting.</FONT></P></DIV>
<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">94</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>4. &nbsp;In the event that an absolute majority of the
members of the board of directors should abstain from voting, the related-party
transaction shall only be executed if it is approved by the unanimous vote of
the members of the board of directors not involved in such transaction, or if it
is approved in a shareholders' extraordinary meeting by two-thirds of the voting
shares of the company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>5.&nbsp; If a shareholders' extraordinary meeting is
called to approve the transaction, the board of directors shall appoint at least
one independent advisor who shall report to the shareholders the terms of the
transaction, its effects and the potential impact for the company. In the
report, the independent advisor shall include all the matters or issues the
directors committee may have expressly requested to be evaluated. The directors
committee of the company or, in the absence of such committee, directors not
involved in the transaction, shall be entitled to appoint an additional
independent advisor, in the event they disagree with the appointment made by the
board.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The
reports of the independent advisors shall be made available to the shareholders
by the board on the business day immediately following their receipt by the
company, at the company&#8217;s business offices and on its internet site, for a
period of at least 15 business days from the date the last report was received
from the independent advisor, and such arrangement shall be communicated to the
shareholders by means of a &#8220;Relevant Fact&#8221; (Communication sent to the SVS and
the stock markets in Chile).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The
directors shall decide whether the transaction is in the best interest of the
corporation, within five business days from the date the last report was
received from the independent advisors.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>6.&nbsp; When the directors of the company must decide on
a related party-transaction, they must expressly state the relationship with the
transaction counterparty or the interest involved. They shall also express their
opinion on whether the transaction is in the best interest of the corporation,
their objection or objections that the directors committee may have expressed,
as well as the conclusions of the reports of the advisors. The opinions of the
directors shall be made available to the shareholders the day after they were
received by the company, at the business offices of the company as well as on
its internet site, and such arrangement shall be reported by the company as a
&#8220;Relevant Fact.&#8221;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>7. &nbsp; Notwithstanding the applicable sanctions, any
infringement of the above provisions will not affect the validity of the
transaction, but it will grant the company or the shareholders the right to sue
the related party involved in the transaction for reimbursement to the company
of a sum equivalent to the benefits that the operation reported to the
counterpart involved in the transaction, as well as indemnity for damages
incurred. In this case, the defendant bears the burden of proof that the
transaction complies with the requirements and procedures referred to
above.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Notwithstanding the above, the following related party
transactions may be executed, pursuant to letters a), b) and c) of Article 147
of the Chilean Corporations Act, without complying with the requirements and
procedures stated above, with prior authorization by the board:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>1. &nbsp; Transactions that do not involve a &#8220;material
amount.&#8221; For this purpose, any transaction that is both greater than 2,000
Unidades de Fomento (as of March, 31, 2016, approximately CLP 51.6 million) and
in excess 1% of the corporation&#8217;s equity, or involving an amount in excess of
20,000 Unidades de Fomento (as of March 31, 2016, approximately CLP 516.2
million) shall be deemed to involve a material amount. All transactions executed
within a 12 month period that are similar or complementary to each other, with
identical parties, including related parties, or objects, shall be deemed to be
a single transaction.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>2. &nbsp; Transactions that pursuant to the company&#8217;s
policy of usual practice as determined by its board of directors, are in the
ordinary course of business of the company. Any agreement or resolution </FONT><a name="page_99"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>establishing or amending such policies shall be
communicated as a &#8220;Relevant Fact&#8221; and made available to shareholders at the
company&#8217;s business offices and on its internet site, and the transaction shall
be reported as a &#8220;Relevant Fact,&#8221; if applicable.</FONT></P></DIV>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>3. &nbsp; Transactions between legal entities in which the
company possesses, directly or indirectly, at least 95% of the equity of the
counterpart.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The usual
practice policy adopted by the board of directors in the meeting held on January
13, 2010, as amended on July 6, 2011, remains available to shareholders at the
Company&#8217;s offices in Avda. Vitacura 2670, 26<SUP>th</SUP> Floor, Santiago,
Chile, and on the web site www.ccu.cl.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In the
ordinary course of business, we engage in a variety of transactions with some of
our affiliates and related parties. Financial information concerning these
transactions is set forth in Note 16 to our consolidated financial
statements.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Our
corporate support units and strategic service units provide shared services to
all the organization through service level-agreements. Shared services are
provided in a centralized manner to capture the synergies between the different
units. Service-level agreements are annual contracts specifying the services to
be provided as well as the variables used to measure the levels of service and
their prices. Service levels are evaluated directly by users three times a
year.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Additionally, our logistic subsidiaries Transportes CCU
and Comercial CCU provide logistic, warehousing and sales services on a
consolidated basis to all of our strategic business units. These services are
regulated by annual contracts specifying the services to be provided as well as
the variables used to measure the levels of service and their prices. Service
levels are evaluated directly by users three times a year.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>We engage
in a variety of transactions with affiliates of the Luksic Group and Heineken,
the beneficial owners of IRSA, as well as with other shareholders of ours.
Currently, Qui&#241;enco and Heineken Chile Ltda., a Chilean limited corporation
controlled by Heineken Americas B.V., are the only shareholders of IRSA, each
with a 50% equity interest See &#8220;Item 4: Information on the Company &#8211;
Organizational Structure.&#8221;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>On
November 30, 2005, we and Heineken Brouwerijen B.V. amended the license and
technical assistance agreements which provide us with the exclusive rights to
produce, sell and distribute Heineken beer in Chile and Argentina commencing
June 18, 2003. These agreements have an initial term of 10 years beginning in
June 2003, renewable for subsequent periods of five years. See &#8220;Item 4:
Information on the Company &#8211; Business Overview &#8211; Our Beer Chile business&#8211; Beer
Production and Marketing in Chile&#8221; and &#8220;Item 4: Information on the Company &#8211;
Business Overview &#8211; Our Beer Argentina business&#8211; Production and Marketing in
Argentina.&#8221;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>On October
12, 2011, we and Heineken Brouwerijen B.V. signed the Amended and Restated
versions of the Trademark License Agreements which provide us with the exclusive
rights to produce, sell and distribute Heineken beer in Chile and Argentina, in
force as of January 1, 2011. These agreements have an initial term of 10 years,
and automatically renew on January 1 of each year for a new period of ten years,
unless any party gives notice of its decision not to renew, in which case the
agreements will be in force until the last renewal period expires.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>On
November 29, 2012, CICSA and Heineken Brouwerijen B.V. signed the Trademark
License Agreement which provides us with the exclusive rights to produce, sell
and distribute Heineken beer in Paraguay. This agreement has an initial term of
10 years, and will be automatically renewed for a five years period unless any
party gives notice of its decision not to renew, in which case the agreements
will be in force until the last renewal period expires.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>On June 4,
2013, CICSA, Milotur and Heineken Brouwerijen B.V. signed the Trademark License
Agreement, which provides us with the exclusive rights to produce, sell and
distribute Heineken beer </FONT><a name="page_100"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>in Uruguay, in force as of May 1, 2013. This agreement has
an initial term of 10 years, and automatically renews on January 1 of each year
for a new period of ten years, unless any party gives notice of its decision not
to renew, in which case the agreements will be in force until the last renewal
period expires.</FONT></P></DIV>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>On July
15, 2015, CICSA, BBO and Heineken Brouwerijen B.V. signed the Ancillary
Trademark License Agreement, which provide us with the exclusive rights to
produce, sell and distribute Heineken beer in Bolivia, in force as of January 1,
2015. This agreement has an initial term of 10 years, and will be automatically
renewed for a five-year period unless any party gives notice of its decision not
to renew, in which case the agreement will be in force until the last renewal
period expires.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Additionally, a Technical Assistance Agreement was
executed with Heineken Technical Services B.V. (currently Heineken Supply Chain
B.V.) on May 4, 2005, whereby the latter was appointed, on a non-exclusive
basis, as our technical advisor in respect of operational aspects of our
breweries, including also special services regarding project engineering for
extensions of the breweries&#8217; capacity and construction of new plants, assistance
in development of new products, production methods and distribution systems as
well as advice on purchasing systems, among others. This agreement has an
initial term of one year as from May 4, 2005, renewable for subsequent periods
of one year each, unless either party gives at least three months&#8217; prior written
notice to the other of its intention to terminate this agreement. This agreement
has been renewed automatically each year.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>On January
28, 2015, a Trade Mark License Agreement (TMLA) was executed between our
subsidiary Cervecer&#237;a CCU and Heineken Brouwerijen B.V. to produce, sell and
distribute beer under the brand name SOL in Chile. The TMLA contemplates a
10-year term as of July 1, 2014 and shall each year (as of July 1st)
automatically be renewed for a new period of 10 years, unless any party has
given notice in writing of its decision not to renew.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Finally,
in 2015, we revised and amended the 2014 amended and restated Framework
Agreement entered with Banco de Chile, a Qui&#241;enco subsidiary, which was in
effect as of May 1, 2003, for the rendering of banking services to us and
certain of our subsidiaries and affiliates, including, among others, payment to
suppliers and shareholders, cashier service, transportation of valuables and
payment of salaries. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Since the
establishment of our directors&#8217; committee in 2001, as required by the Chilean
Corporations Act, it has reviewed all related-party contracts, before being sent
to our board of directors for approval, which was standard practice prior to the
creation of the directors&#8217; committee. The above does not include related-party
transactions executed according to the usual practice policy adopted on January
13, 2010 as amended on July 6, 2011 by the board of directors in respect of
transactions mentioned in letters a), b) and c) of Article 147 of the Chilean
Corporations Act. Our principal related-party contracts include rental of
properties, the rendering of services and product sales.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our
principal transactions with related parties for the twelve-month period ended
December 31, 2015, are detailed below:</FONT></P></DIV>
<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">97</FONT></P>
<HR align=center SIZE=2 width="100%" noShade>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&nbsp; </FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 80%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: #ffffff" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Company</FONT></B></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="24%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Relationship</FONT></B></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Transaction</FONT></B></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Amount (in millions of CLP)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #ffffff" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Heineken Brouwerijen B.V.</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white" vAlign=top width="24%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Related to the controlling shareholder</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Products sale/ license/ technical assistance/ billed services</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>9,430</FONT></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Inversiones y Rentas S.A.</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="24%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Shareholder</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Dividends paid/Office rental</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>31,788</FONT></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Inversiones Irsa LTDA.</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="24%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Shareholder</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Billing services</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4,090</FONT></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Inversiones PFI Chile Ltda.</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="24%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Shareholders of subsidiary</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Purchase of products</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3,161</FONT></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Nestl&#233; Waters S.A.</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="24%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Shareholder of subsidiary</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Royalty</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>309</FONT></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Nestl&#233; Chile S.A.</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="24%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Shareholder of subsidiary</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Dividends paid</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2,704</FONT></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Cervecer&#237;a Kunstmann Ltda.</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="24%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Shareholder of subsidiary</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Product sales/billed services</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>483</FONT></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Cervecer&#237;a Valdivia S.A.</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="24%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Shareholder of subsidiary</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Dividends paid</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>490</FONT></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Comercial Patagona Ltda.</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="24%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Subsidiary joint venture </FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Marketing services/products sale</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2,959</FONT></P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: #ffffff" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Cooperativa Agr&#237;cola Control Pisquero Ltda.</FONT></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="24%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Shareholder of subsidiary</FONT></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Loan/supply contract/ purchase grape/Dividends paid</FONT></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,311</FONT></P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: #ffffff" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Compa&#241;&#237;a Chilena de F&#243;sforos S.A.</FONT></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="24%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Shareholder of subsidiary</FONT></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Dividends paid</FONT></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4,055</FONT></P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: #ffffff" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Cervecer&#237;a Austral S.A. </FONT></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="24%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Joint venture</FONT></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Sales of Products/ royalty paid/royalty collected/purchased of products</FONT></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5,663</FONT></P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: #ffffff" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Banco de Chile</FONT></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="24%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Related to the controlling shareholder</FONT></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Transport of securities/Sales of products/Derivatives/Investments/Interest/ Remittance</FONT></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>530,455</FONT></P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: #ffffff" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Foods Compa&#241;&#237;a de Alimentos CCU S.A.</FONT></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="24%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Joint venture</FONT></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Services/ product sales/ consignment sales/ interests/ remittance paid and recieved</FONT></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>92,520</FONT></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Alusa S.A.</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="24%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Subsidiary related</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Purchase of products</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2,665</FONT></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Canal 13 S.P.A.</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="24%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Parent company related</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Advertising</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,554</FONT></P></TD></TR>

<TR style="HEIGHT: 11.65pt">

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Banchile Corredores de Bolsa S.A.</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="24%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Parent company related</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="34%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Financial investments</FONT></P></TD>

   <TD style="HEIGHT: 11.65pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>944,550</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>See Note 16 to our Consolidated Financial Statements for detailed information.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>C.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Interests of Experts and Counsel</FONT></U></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Not applicable.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671486"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 8: Financial Information</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>A.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Consolidated Statements and Other Financial Information</FONT></U></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>See &#8220;Item 18: Financial Statements&#8221; and &#8220;Item 19: Exhibits&#8221; for the Company's Financial Statements and notes, audited by PricewaterhouseCoopers.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT></B>&nbsp;</P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Wine Exports </FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>We, through our subsidiary VSPT, exported wine to more than </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>80</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif> countries in 2015. VSPT is the second-largest wine exporter in Chile. See &#8220;Item 4: Information on the Company </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&#8211; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Business Overview </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&#8211; Operating Segments Information </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>&#8211; Our Wine Operating Segment.&#8221;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The following table presents our total wine exports by volume and sales, as of December of the last three years as percentage of consolidated volume and sales for the last three years:</FONT></P>

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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">98</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2013</FONT></U></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2014</FONT></U></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2015</FONT></U></B></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Exports (thousands of liters)</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>69,649</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>66,936</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>69,676</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>% of total consolidated sales volume</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3.18%</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2.92%</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2.91%</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>Exports (CLP million)</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>91,579</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>102,279</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>117,450</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>% of total consolidated sales</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7.65%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7.88%</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7.84%</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Legal Proceedings</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Nothing to report.</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-GB style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Dividend Policy and Dividends</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Our dividend policy is reviewed and established from time to time by our board of directors and reported during our annual shareholders&#8217; meeting, which is generally held in April of each year. Each year our board of directors must submit its proposal for a final dividend for the preceding year for shareholder approval at the annual shareholders&#8217; meeting. As required by the Chilean Corporations Act, we must distribute a cash dividend in an amount equal to at least 30% of our net income for that year, after deducting any accumulated losses from previous years, unless otherwise decided by unanimous vote of the issued shares of our common stock. Our board of directors has the authority to pay interim dividends during any one fiscal year, to be charged to the earnings for that year.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Our board of directors announced at our annual shareholders&#8217; meeting held on April 15, 2015, its dividend policy for future periods, authorizing the distribution of cash dividends in an amount at least equal to 50% of our Net income of the Year Attributable to Equity Holders of the Parent Company under IFRS for the previous year. Our dividend policy is subject to change in the future due to changes in Chilean law, capital requirements, economic results and/or other factors. During our annual shareholders&#8217; meeting held on April 15, 2015, a dividend of CLP 98.78138 per share of common stock (CLP 197.56276 per ADR using the new ratio as of December 20, 2012 of 1 ADR to 2 common shares) was approved, in addition to the interim dividend of CLP 63 per share of common stock (CLP 126 per ADR) distributed in January 9, 2015. Together, these dividend payments amounted to CLP 59,779 million, representing 50.0% of the &#8220;Net income of the Year Attributable to Equity Holders of the Parent Company&#8221; for 2014. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The board of directors, in its meeting held on December 1, 2015, approved the distribution, with a charge to 2015&#8217;s profits, of an interim dividend of CLP 66 per share of common stock (CLP 132 per ADR), totaling CLP 24,387,189,552, which was paid on January 8, 2016. Additionally, the board of directors, in its meeting held on March 1, 2016, resolved to propose to the next annual shareholders meeting, the distribution, with a charge to 2015&#8217;s profits, of a final dividend of CLP 97.47388 per share of common stock (CLP 194.94776 per ADR). The proposal, representing a total payment of CLP 36,016,878,605, was approved at our last annual shareholders&#8217; meeting held on April 13, 2016 and the final dividend was paid beginning April 22, 2016 to the shareholders of record as of midnight of April 16, 2016. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Dividends are paid to shareholders of record on midnight of the fifth business day, including Saturdays, preceding the date set for payment of the dividend. The holders of ADRs on the applicable record dates are entitled to dividends declared for each corresponding period.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The following table sets forth the amounts of interim and final dividends and the aggregate amounts of such dividends per share of common stock and per ADR in respect of each of the years indicated:</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Year ended</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>CLP Per share <SUP>(1)</SUP></FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>December 31</FONT></U></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Interim</FONT></U></B></P></TD>

   <TD style="HEIGHT: 13.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Final <SUP>(3)</SUP></FONT></U></B></P></TD>

   <TD style="HEIGHT: 13.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Total</FONT></U></B></P></TD>

   <TD style="HEIGHT: 13.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Interim</FONT></U></B></P></TD>

   <TD style="HEIGHT: 13.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Final <SUP>(3)</SUP></FONT></U></B></P></TD>

   <TD style="HEIGHT: 13.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Total</FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2011</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>61.00</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>131.70</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>192.70</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0.24</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0.54</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0.78</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2012</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>63.00</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>116.64</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>179.64</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0.27</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0.49</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0.76</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2013</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>63.00</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>103.49</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>166.49</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0.24</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0.37</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0.61</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2014</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>63.00</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>98.78</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>161.78</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0.21</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0.32</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0.52</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2015</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>66.00</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>97.47</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>163.47</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0.18</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" face=Arial>0.29</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" face=Arial>0.47</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="71%" colSpan=5>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=justify><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(1) Interim and final dividend amounts are expressed in historical pesos</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="14%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="15%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=7>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=justify><FONT style="FONT-SIZE: 7pt" color=black face=arial,sans-serif>(2) U.S. dollars per ADR dividend information serves reference pupouses only we pay all dividends in Chilean pesos. On December 20, 2012, there was an ADR ratio change from 1 ADR to 2 common shares. The ammounts shown above have been adjusted to reflect this change. The Chilean peso ammounts as shown here have been converted into U.S. dollars at the respective observed exchange rate in effect at each payment date. Note: The Federal Reserve bank of New York does not report a noon buying rate for Chilean pesos.</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=7>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(3) The final dividend with respect to each year is declared and paid within the first five months of the subsequent year.</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Pursuant to current Chilean foreign exchange regulations, a shareholder who is not a resident of Chile does not need to be authorized as a foreign investor in order to receive dividends, sale proceeds or other amounts with respect to its shares remitted outside Chile, but the investor must inform the Central Bank about any such transactions and must remit foreign currency through the Formal Exchange Market. See &#8220;Item 10. Additional Information &#8211; Exchange Controls&#8221; for additional information on how ADR holders may remit currency outside Chile. Dividends received in respect of shares of Common Stock by holders, including holders of ADRs who are not Chilean residents, are subject to Chilean withholding taxes. See &#8220;Item 10: Additional Information &#8211; Taxation.&#8221;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>B.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Significant Changes</FONT></U></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Nothing to report.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671487"></A></P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">100</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp;
<A name=page_104></A>

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<a name="_bclHeader104"></a><DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>
<A name=itn9></A>ITEM 9: The Offer and Listing</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>A.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Offer and Listing Details </FONT></U></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>For the periods indicated, the table below sets forth the reported high and low closing sales prices for the Common Stock on the Santiago Stock Exchange as well as the high and low sales prices of the ADSs as reported by the NYSE:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 60%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="28%" colSpan=3>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Santiago Stock Exchange</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>NYSE<SUP>(1)</SUP></FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="28%" colSpan=3>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>(per share of common stock)</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>(per ADS)</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 2.9pt">

   <TD style="HEIGHT: 2.9pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 2.9pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 2.9pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 2.9pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 2.9pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 2.9pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>High</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Low</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>High</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Low</FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>(CLP)</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>(CLP)</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>(US$)</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>(US$)</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="34%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Years</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2011</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,704 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4,653 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>25.45 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>19.18 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2012</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,788 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5,930 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>32.73 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>24.07 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2013</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>8,094 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5,900 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>34.91 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>22.89 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2014</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,900 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5,600 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>24.22 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>17.89 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2015</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>8,784 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5,479 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>25.27 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>17.73 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2016 (through Mar. 31)</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,875 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,502 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>22.87 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>18.78 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2013</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1<SUP>st</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,884 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,270 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>34.03 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>31.02 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2<SUP>nd</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>8,094 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,309 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>34.91 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>24.92 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3<SUP>rd</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,850 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,408 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>30.21 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>25.97 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4<SUP>th</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,985 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5,900 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>27.95 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>22.89 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2014</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1<SUP>st</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,400 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5,670 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>24.22 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>20.46 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2<SUP>nd</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,900 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5,804 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>23.94 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>21.02 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3<SUP>rd</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,750 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,200 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>23.79 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>21.02 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4<SUP>th</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,594 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5,600 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>22.13 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>17.89 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2015</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1<SUP>st</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,500 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5,479 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>20.90 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>17.73 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2<SUP>nd</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,146 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,409 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>23.91 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>20.73 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3<SUP>rd</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,935 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,550 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>23.80 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>20.23 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4<SUP>th</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>8,784 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,300 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>25.27 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>20.58 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="34%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Last six months</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>October 2015</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>8,750 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,573 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>25.15 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>22.11 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>November 2015</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>8,784 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,851 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>25.27 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>22.29 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>December 2015</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>8,600 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,300 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>23.09 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>20.58 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>January 2016</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,805 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,800 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>21.76 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>18.82 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>February 2016</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,875 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,502 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>22.07 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>18.78 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="4%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>March 2016</FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>7,700 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,838 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>22.87 </FONT></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>19.49 </FONT></P></TD></TR>

<TR>

   <TD>&nbsp;</TD>

   <TD>&nbsp;</TD>

   <TD width="30%">&nbsp;</TD>

   <TD>&nbsp;</TD>

   <TD>&nbsp;</TD>

   <TD width="19%">&nbsp;</TD>

   <TD width="19%">&nbsp;</TD>

   <TD width="19%">&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%">&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt 72pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif>(1)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif>On December 20, 2012, there was an ADR ratio change from 1 ADR to 5 common shares, to a new ratio of 1 ADR to 2 common shares. Prices shown above take into account this change.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 72pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Significant trading suspensions of the Company's stock have not occurred in the last three years.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">101</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_105"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader105"></a><DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>B.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Plan of distribution</FONT></U></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Not applicable.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>C.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Markets</FONT></U></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Our common stock is currently traded on the Santiago Stock Exchange, the Chile Electronic Stock Exchange and the Valpara&#237;so Stock Exchange under the symbol &#8220;CCU.&#8221; The Santiago Stock Exchange accounted for approximately 90.1%, 87.7% and 88.3% of the trading volume of our common stock in Chile in the last three years, respectively. The remaining 9.9%, 12.3% and 11.7% respectively, was traded mainly on the Chile Electronic Stock Exchange. Shares of our common stock were traded in the United States on the NASDAQ Stock Market between September 24, 1992 and March 25, 1999 and on the NYSE since March 26, 1999, in the form of ADSs, under the symbol &#8220;CCU&#8221;, with such ADSs being evidenced by ADRs, which until December 20, 2012, had each represented five shares of our common stock. Starting on December 20, 2012, the ratio was changed so that each ADS represented two shares of our common stock. The ADSs are issued under the terms of a deposit agreement dated September 1, 1992, as amended and restated on July 31, 2013, among us, JPMorgan, as depositary, and the holders from time to time of the ADSs.</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The trading volume of our ADSs in the NYSE in the last three years is as follows:</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left>&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 50%" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: #ffffff" vAlign=top width="26%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Year</FONT></U></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="31%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Quarter</FONT></U></P></TD>

   <TD style="BACKGROUND: white" vAlign=top width="43%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Traded Volume<SUP>(1) </SUP></FONT></U></P></TD></TR>

<TR>

   <TD vAlign=top width="26%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></U></P></TD>

   <TD vAlign=top width="31%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif></FONT></U></P></TD>

   <TD vAlign=top width="43%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" color=#000000 face=arial,sans-serif>(thousands of ADS)</FONT></U></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="26%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2013</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="31%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1<SUP>st</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt" vAlign=top width="43%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,037</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="31%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2<SUP>nd</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt" vAlign=top width="43%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>9,674</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="31%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3<SUP>rd</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt" vAlign=top width="43%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>12,442</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="31%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4<SUP>th</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt" vAlign=top width="43%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>11,706</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="31%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt" vAlign=top width="43%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>39,859</FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="31%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="43%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="26%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2014</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="31%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1<SUP>st</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="43%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>12,052</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="31%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2<SUP>nd</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="43%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>10,094</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="31%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3<SUP>rd</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="43%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>9,642</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="31%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4<SUP>th</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="43%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>10,771</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="31%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt" vAlign=top width="43%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>42,559</FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt" vAlign=top width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt" vAlign=top width="31%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt" vAlign=top width="43%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="26%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2015</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="31%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1<SUP>st</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="43%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>8,464</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="31%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2<SUP>nd</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="43%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>8,133</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="31%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3<SUP>rd</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="43%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>8,730</FONT></P></TD></TR>

<TR style="HEIGHT: 13.1pt">

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="31%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4<SUP>th</SUP> quarter</FONT></P></TD>

   <TD style="HEIGHT: 13.1pt; BACKGROUND: white" vAlign=top width="43%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>9,338</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white" vAlign=top width="31%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt" vAlign=top width="43%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>34,666</FONT></U></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt 72pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif>(1)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif>On December 20, 2012, there was an ADR ratio change from 1 ADR to 5 common shares, to a new ratio of 1 ADR to 2 common shares. Volumes shown above take into account this change.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>D.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Selling Shareholders</FONT></U></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Not applicable.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>E.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Dilution</FONT></U></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Not applicable.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">102</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_106"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader106"></a><DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>F.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Expenses of the Issue</FONT></U></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Not applicable.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671488"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 10: Additional Information</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>A.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Share Capital</FONT></U></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Not applicable.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-GB style="FONT-SIZE: 13pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>B.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Memorandum and Articles of Association</FONT></U></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Provided below is a summary of certain material information found in our bylaws and provisions of Chilean law. This summary is not exhaustive. For more information relating to the items discussed in this summary, the reader is encouraged to read our updated bylaws, available in our website at </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LETTER-SPACING: -0.1pt" color=windowtext face=arial,sans-serif>www.ccu.cl</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>. The information on our website is not incorporated by reference into this document.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Registration and corporate purposes</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>. We are a public corporation (sociedad an&#243;nima abierta) organized by means of a public deed dated January 8, 1902, executed before the notary public of Valpara&#237;so, Mr. Pedro Flores, and our existence was approved by Supreme Decree N&#176; 889 of the Treasury Department, dated March 19, 1902, both of which were recorded on the reverse of folio 49, N&#176; 45 of Valpara&#237;so&#8217;s Registry of Commerce for 1902, and published in Chile&#8217;s Official Gazette on March 24, 1902. We were recorded on March 8, 1982, at Chile&#8217;s Securities Registry of the SVS under N&#176; 0007.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The last amendment to our articles of association, which incorporates the resolutions of the extraordinary shareholders&#8217; meeting held on June 18, 2013, that approved to increase the capital of the Company, by the issuance of 51,000,000 shares, were set forth in a public deed dated June 18, 2013, executed before the notary public of Santiago, Eduardo Diez Morello, an extract of which was recorded on the folio 48,216 N&#176; 32,190 of the Santiago Registry of Commerce for 2013, published in the Official Gazette on June 25, 2013. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Under Article 4 of our bylaws, the corporation&#8217;s principal purpose is to produce, manufacture and market alcoholic and non-alcoholic beverages, to manufacture containers and packaging, and to provide transportation services, among other businesses.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Directors.</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif> Under the Chilean Corporations Act, a corporation may not enter into a contract or agreement in which a director has a direct or indirect interest without prior approval by the board of directors, and then only if it is in the interest of the company, the price, terms and conditions are similar to those prevailing in the market at the time of its approval and the transaction complies with the requirements and procedures stated in Chapter XVI of the Chilean Corporations Act regarding Related Party Transactions. See &#8220;Item 7: Major Shareholders and Related Party Transactions.&#8221;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The amount of any director&#8217;s remuneration is established each year by the annual shareholders&#8217; meeting. Directors are forbidden, unless previously and duly authorized thereto by the board of directors, to borrow or otherwise make use of corporate money or assets for their own benefit or that of their spouses, certain relatives or related persons. These rules can only be modified by law.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>It is not necessary to hold shares to be elected director, and there is no age limit established for the retirement of directors.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Rights, preferences and restrictions regarding shares</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>. At least 30% of our net profits for each fiscal year are required to be distributed as dividends in cash to our shareholders, unless our </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>shareholders unanimously decide otherwise. Any remaining profits may be used to establish a reserve fund (that may be capitalized at any time, amending the corporate bylaws by the vote of a majority of the voting stock issued), or to pay future dividends.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Compulsory minimum dividends, i.e., at least thirty percent of our net profits for each fiscal year, become due thirty days after the date on which the annual shareholders' meeting has approved the distribution of profits in the fiscal year. Any additional dividends approved by our shareholders become due on the date set by our shareholders or our board of directors.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Accrued dividends that corporations fail to pay or make available to their shareholders within certain periods are to be adjusted from the date on which those dividends became due and that of actual payment. Overdue dividends will accrue yearly interest at established rates over the same period.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Dividends and other cash benefits unclaimed by shareholders after five years from the date on which they became due will become the property of the Chilean Fire Department.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>We have only one class of shares and there are therefore no preferences or limitations on the voting rights of shareholders. Each of our shareholders is entitled to one vote per share. In annual shareholders&#8217; meetings, resolutions are made by a simple majority of those present, provided legal quorums are met. A special or extraordinary meeting generally requires an absolute majority, in other words, 50% plus one of the shares entitled to vote; however, the Chilean Corporations Act provides that in order to carry certain motions, a two-thirds majority of the outstanding voting stock is necessary.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Our directors are elected every three years and their terms are not staggered. Our shareholders may accumulate their votes in favor of just one person or distribute their votes to more than one person. In addition, by unanimous agreement of our shareholders present and entitled to vote, the vote may be omitted and the election made by acclamation.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In the event of liquidation, the Chilean Corporations Act provides that corporations may carry out distributions to shareholders on account of a reimbursement of capital only after the payment of corporate indebtedness.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>There are no redemption or sinking fund provisions applicable to us, nor are there any liabilities to our shareholders relating to future capital calls by us.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Under Chilean law, certain provisions affect any existing or prospective holder of securities as a result of the shareholder owning a substantial number of shares. The Chilean Securities Market Law, establishes that (a) any person who, directly or indirectly, owns 10% or more of the subscribed capital of an open-stock corporation (the &#8220;majority shareholders&#8221;) or that, as a consequence of an acquisition of shares, attains such percentage, and (b) all directors, liquidators, principal executive officers, administrators and managers of such corporations, regardless of the number of shares they possess, either directly or indirectly, must report any purchase or sale of shares to the SVS and to each of the stock exchanges in Chile where such corporation has securities listed, the day immediately following the execution of the transaction, through the technological means authorized by the SVS. This obligation shall also apply to the acquisition or sale of contracts or securities, the price or result of which is dependent upon or is conditioned on, in whole or in a relevant part, the fluctuation or evolution of the price of such shares. In addition, majority shareholders must inform the SVS and the stock exchanges with respect to whether the purchase is aimed at acquiring control of the corporation or just as a financial investment. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The Chilean Securities Market Law also provides that when one or more persons intend to take over a corporation subject to oversight by the SVS, they must give prior public notice. This notice must include the price to be offered per share and the conditions of the proposed transaction, including the expected manner of acquiring the shares.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Finally, Chapter XXV of the Chilean Securities Market Law was enacted on December 20, 2000, to ensure that controlling shareholders share with minority shareholders the benefits of a change of control, by requiring that certain share acquisitions be made pursuant to a tender offer. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Article 199 bis of the Chilean Securities Market Law extends the obligation to make a tender offer for the remaining outstanding shares to any person, or group of persons with a joint performance agreement, that, as a consequence of the acquisition of shares, becomes the owner of two-thirds or more of the issued shares with voting rights of a corporation. Such tender offer must be effected within 30 days from the date of such acquisition.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The Chilean Corporations Act provides shareholders with preemptive rights. The Act requires that options to purchase stock representing capital increases in corporations and debentures duly convertible into stock of the issuing corporation, or any other securities extending future rights over such stock, must be offered preferably, at least once, to existing shareholders, in proportion to the number of shares owned by them. A corporation must distribute any bonus stock in the same manner.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The Chilean Corporations Act also provides shareholders with the right to withdraw from a corporation in certain situations. Unless there is an ongoing bankruptcy proceeding, if a shareholders&#8217; meeting approves any of the following matters, dissenting shareholders will be automatically entitled to withdraw from the corporation upon payment by the corporation of the market value of their shares:</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>our transformation into a different type of legal entity;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>our merger with and/or into another company;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>the disposition of 50% or more of the corporate assets, whether or not liabilities are also transferred, to be determined according to the balance sheet of the previous fiscal year, or the proposal or amendment of any business plan that contemplates the transfer of assets exceeding said percentage; the disposition of 50% or more of the corporate assets of a subsidiary, which represents at least 20% of the assets of the corporation, as well as any disposition of shares which results in the parent company losing its status as controller;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>the granting of real or personal guarantees to secure third-party obligations exceeding 50% of the corporate assets, except when the third party is a subsidiary of the company (in which case approval of the board of directors will suffice);</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>the creation of preferences for a series of shares or the increase, extension or reduction in the already existing ones. In this case, only dissenting shareholders of the affected series shall have the right to withdraw;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>curing certain formal defects in the corporate charter which otherwise would render it null and void or any modification of its bylaws that should grant this right; and</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>other cases provided for by statute or in our bylaws, if any. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In addition, shareholders may withdraw if a person becomes the owner of two-thirds or more of the outstanding shares of the corporation as a consequence of a share acquisition and such person does not make a tender offer for the remaining shares within 30 days from the date of such acquisition.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Minority shareholders are also granted the right to withdraw when the controlling shareholder acquires more than 95% of the shares of an open-stock corporation. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Our bylaws do not provide for additional circumstances under which shareholders may withdraw.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Action necessary to change the rights of holders of stock</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>. The rights of stockholders are established by law and pursuant to the bylaws of a corporation. For certain modifications of shareholders&#8217; rights, the law requires a special majority, such as the creation, increase, extension, reduction or suppression of preferred stock, which may be adopted only with the consent of at least two-thirds of the affected series. Consequently any other impairment of rights not specifically regulated needs only an absolute majority (more than 50%) of the stock entitled to vote. However, the waiver of the shareholders&#8217; right to receive no less than 30% of the net profits accrued in any fiscal year (the &#8220;minimum dividend&#8221;) requires the unanimous vote of all stockholders. The above </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>notwithstanding, no decision of the shareholders&#8217; meeting can deprive a shareholder of any part of the stock that he/she owns. </FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Our bylaws do not contemplate additional conditions in connection with matters described in this subsection.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Shareholders&#8217; meetings</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>. Our annual shareholders' meetings are to be held during the first four months of each year. During the meetings, determinations are made relating to particular matters, which matters may or may not be specifically indicated in the summons for such meeting.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The quorum for a shareholders' meeting is established by the presence, in person or by proxy, of shareholders representing at least an absolute majority of our issued voting stock; if a quorum is not present at the first meeting, the meeting can be reconvened and upon the meeting being reconvened, shareholders present at the reconvened meeting are deemed to constitute a quorum regardless of the percentage of the voting stock represented. In that case, decisions will be made by the absolute majority of stock with voting rights present or otherwise represented. The following matters are specifically reserved for annual meetings:</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>review of our state of affairs and of the reports of external auditors, and the approval or rejection of the annual report, balance sheet, financial statements and records submitted by our officers or liquidators;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>distribution of profits of the respective fiscal year, including the distribution of dividends;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>election or revocation of regular and alternate board members, liquidators and external auditors; and</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>determination of the remuneration of the board members, directors committee remuneration and budget, designation of the newspaper where summons for meetings shall be published and, in general, any other matter to be dealt with by the annual meeting being of corporate interest and not specifically reserved to extraordinary shareholders' meetings.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Extraordinary shareholders' meetings may be held at any time, when required by corporate necessity. During extraordinary meetings, determinations are made relating to any matter which the law or the Company's bylaws reserve for consideration by such extraordinary meetings, which matters shall be expressly set forth in the relevant summons. When in an extraordinary shareholders' meeting determinations relating to matters specifically reserved to annual meetings must be made, the operation and decisions of such extraordinary meeting will follow the requirements applicable to annual meetings. The following matters, are specifically reserved for extraordinary meetings:</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>dissolution of the corporation;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>transformation, merger or spin-off of the corporation and amendments to its bylaws;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>issuance of bonds or debentures convertible into stock;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>the disposition of 50% or more of the corporate assets, whether or not liabilities are also transferred, to be determined according to the balance sheet of the previous fiscal year, or the proposal or amendment of any business plan that contemplates the transfer of assets exceeding said percentage, the disposition of 50% or more of the corporate assets of a subsidiary, which represent at least 20% of the assets of the corporation, as well as any disposition of shares which results in the parent company losing its status of controlling shareholder; and</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>guarantees of third parties' obligations, except when these third parties are subsidiary companies (in which case approval of the board of directors will suffice). </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In addition to the above, annual and extraordinary shareholders' meetings must be called by the board of directors in the following circumstances:</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>when requested by shareholders representing at least 10% of issued stock with voting rights regarding closed corporations; and</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>when required by the SVS, notwithstanding its right to call such meeting directly.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Only holders of stock recorded in the Register of Shareholders of open-stock corporations at midnight of the fifth business day, including Saturdays, before the date of the pertinent meeting may participate with the right to be heard and vote in shareholders' meetings. Directors and officers other than shareholders may participate in shareholders' meetings with the right to be heard.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Shareholders may be represented at meetings by other individuals, regardless of whether or not those persons are shareholders themselves. A proxy must be conferred in writing, and for the total number of shares held by the shareholder and entitled to vote in accordance with the previous paragraph.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Limitations on the right to own securities</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>. The right to own any kind of property is guaranteed by the Chilean Constitution, and the Chilean Corporations Act does not contain any general limitation regarding the right to own securities. There are, however, certain limitations on the right of foreigners to own securities of Chilean corporations, but only for certain special types of companies. We are not affected by these limitations, and our bylaws do not contain limitations or restrictions in this regard.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Article 14 of the Chilean Corporations Act forbids open stock corporations from including in their bylaws any provisions restricting the free transferability of stock. However, shareholders may enter into a private agreement on this matter, but, in order for these agreements to be effective against the company and third parties, they must be recorded by the corporation and thus made available to any interested third parties. See &#8220;Item 6: Directors, Senior Management and Employees &#8211; Directors and Senior Management.&#8221;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Takeover defenses.</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif> Our bylaws do not contain any provisions that would have the effect of delaying, deferring or preventing a change in control of us and that would operate only with respect to a merger, acquisition or corporate restructuring involving us (or any of our subsidiaries).</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Ownership threshold</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>. Our bylaws do not contain any ownership threshold above which shareholder ownership must be disclosed. For a description of the ownership thresholds mandated by Chilean law, see &#8220;&#8211; Rights, preferences and restrictions regarding shares&#8221; above.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Our bylaws do not impose any conditions that are more stringent than those required by law for effecting changes in our capital.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>C.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Material Contracts</FONT></U></B></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Not applicable.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>D.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Exchange Controls</FONT></U></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>General Legislation and Regulations</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>. The Central Bank of Chile is responsible for, among other things, monetary policies and exchange controls in Chile. See &#8220;Item 3. Key Information &#8211; Selected Financial Data &#8211; Exchange Rates.&#8221; Foreign investments can be registered with the Central Bank of Chile under Chapter XIV of the Central Bank Foreign Exchange Regulations, which regulates foreign exchange transactions, including access to the Formal Exchange Market. Pursuant to Law N&#176; 20,780, on June 25, 2015 Law N&#176; 20,848 was enacted, replacing Decree Law N&#176; 600 of 1974 and establishing a new statute for direct foreign investments (henceforth, the "New Statute for Foreign Investment"). The New Statute for Foreign Direct Investments went into effect as of January 1, 2016. Foreign investors in companies that maintain a valid foreign investment agreement with the Government of Chile pursuant to the regulations of Decree Law N&#176; 600 will fully retain the rights and obligations set forth in said agreements, provided that the agreements were executed prior to January 1, 2016. The New Statute for Foreign Investment does not grant investors eligibility for a tax invariability regime, which was granted to them by Decree Law N&#176; 600. However, a transitory 4 four-year system has been established, under which foreign investors may request foreign investment </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>authorizations via the execution of agreements with the Government of Chile, albeit subject to a total income tax rate of 44.5%. </FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Effective April 19, 2001, the Central Bank of Chile abrogated the then existing Chapter XXVI of the Central Bank Foreign Exchange Regulations (&#8220;Chapter XXVI&#8221;), which addressed issuance of ADSs by a Chilean company, and issued an entirely new set of Foreign Exchange Regulations (the &#8220;April 19th Regulations&#8221;), virtually eliminating all the restrictions and limitations that had been in force up to that date. The April 19th Regulations were based upon the general principle that foreign exchange transactions can be made freely in Chile by any person, notwithstanding the power conferred by law to the Central Bank of Chile of imposing certain restrictions and limitations to such transactions.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>With the issuance of the April 19th Regulations, the approval by the Central Bank of Chile required for access to the Formal Exchange Market was replaced with the requirement of reporting of the relevant transactions to the Central Bank of Chile. However, some foreign exchange transactions, notably foreign loans, capital investment or deposits, continued to be subject to the requirement of being effected through the Formal Exchange Market. The April 19th Regulations reduced the time needed to effect foreign exchange transactions by foreign investors in Chile. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>According to the April 19th Regulations, foreign exchange transactions performed before April 19, 2001, remained subject to the regulations in effect at the time of the transactions (i.e. Chapter XXVI), unless the interested parties elected the applicability of the April 19th Regulations, thereby expressly waiving the applicability of the regulations in force at the time of the execution of the respective transaction.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>On January 23, 2002, the Central Bank of Chile issued an entirely new set of Foreign Exchange Regulations, effective March 1, 2002, replacing the April 19th Regulations (the &#8220;New Rules&#8221;). The New Rules preserve the general principle established in the April 19th Regulations of freedom in foreign exchange transactions, simplified procedures to reduce the time needed to materialize foreign exchange transactions by foreign investors in Chile, and introduced several new provisions.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Pursuant to the New Rules, Chilean entities are allowed, under Chapter XIV, which governs credits, deposits, investments and capital contribution from abroad, to: (i) dispose of such foreign currency allocated abroad, executing any of the transactions contemplated in Chapter XIV, without the need of delivering it into Chile, subject to the obligation of reporting said transaction to the Central Bank of Chile; and (ii) capitalize any liability expressed in foreign currency and acquired abroad.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>According to the New Rules, foreign exchange transactions made pursuant to Chapter XIV, executed before April 19, 2001, were to continue to be subject to the regulations in effect at the time of the transactions, unless the interested parties elect the applicability of the New Rules, expressly waiving the applicability of the provisions which would otherwise govern them.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In connection with our initial public offering of ADSs, we entered into a foreign investment contract (the &#8220;Foreign Investment Contract&#8221;) with the Chilean Central Bank and the Depositary, pursuant to Article 47 of the Central Bank Act and former Chapter XXVI. Absent the Foreign Investment Contract, under Chilean exchange controls in force until April 19, 2001, investors would not have been granted access to the Formal Exchange Market for the purpose of converting Chilean pesos to U.S. dollars and repatriating from Chile amounts received in respect of, among other things, deposited Shares or Shares withdrawn from deposit on surrender of ADRs (including amounts received as cash dividends and proceeds from the sale in Chile of the underlying Shares and any rights with respect thereto). </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Notwithstanding the April 19th Regulations and the New Rules, Chapter XXVI remained in effect with respect to our ADR facility. On March 3, 2014, we, the Central Bank of Chile and the Depositary executed an agreement that terminated the Foreign Investment Contract. Consequently, the special exchange regime established under Chapter XXVI is no longer applicable. The Deposit Agreement, therefore, and the Company&#8217;s ADR program became subject to the exchange regulations of general applicability of Chapter XIV or such new regulations that may be issued in the future. </FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The ADS facility is currently governed by Chapter XIV on &#8220;Regulations applicable to Credits, Deposits, Investments and Capital Contributions from Abroad&#8221;. According to Chapter XIV, the establishment of an ADS facility is regarded as an ordinary foreign investment, subject to the above mentioned limitations, and it is not necessary to seek the Central Bank&#8217;s prior approval in order to establish an ADS facility. The establishment of an ADS facility only requires that the Central Bank be informed of the transaction, and that the transactions thereunder be conducted through the Formal Exchange Market.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Investment in Our Shares and ADSs</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Investments made in shares of our common stock are subject to the following requirements:</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Any foreign investor acquiring shares of our common stock who brought funds into Chile for that purpose must bring those funds through an entity participating in the Formal Exchange Market; any foreign investor acquiring shares of our common stock to be deposited and converted into ADSs who brought funds into Chile for that purpose must bring those funds through an entity participating in the Formal Exchange Market; in both cases, the entity of the Formal Exchange Market through which the funds are brought into Chile must report such investment to the Central Bank; all remittances of funds from Chile to the foreign investor upon the sale of the acquired shares of our common stock or from dividends or other distributions made in connection therewith must be made through the Formal Exchange Market; all remittances of funds from Chile to the foreign investor upon the sale of shares underlying ADSs (after conversion is implemented through the depositary) or from dividends or other distributions made in connection therewith must be made through the Formal Exchange Market; and</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>all remittances of funds made to the foreign investor must be reported to the Central Bank by the intervening entity of the Formal Exchange Market.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>When funds are brought into Chile for a purpose other than to acquire shares for subsequent deposit and eventual conversion into ADSs and subsequently such funds are used to acquire shares to be deposited and converted into ADSs, such investment must be reported to the Central Bank by the foreign investor (or its custodian in Chile) within ten days following the end of each month.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>When funds to acquire shares of our common stock or to acquire shares for subsequent deposit and eventual conversion into ADSs are received by us abroad (i.e., outside of Chile), such investment must be reported to the Central Bank directly by the foreign investor within ten days following the end of the month in which the investment was made.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>When funds to acquire shares of our common stock or to acquire shares for subsequent deposit and eventual conversion into ADSs are received by us in Chile, such investment must be reported to the Central Bank directly by an entity participating in the Formal Exchange Market on the day the investment is made.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>All payments in foreign currency in connection with our shares of common stock or ADSs made from Chile through the Formal Exchange Market must be reported to the Central Bank by the entity participating in the transaction. In the event there are payments made with foreign currency originating outside of Chile, the foreign investor must provide the relevant information to the Central Bank directly within the first ten calendar days of the month following the date on which the payment was made.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>There can be no assurance that additional Chilean restrictions applicable to the holders of shares of our common stock or ADSs, the disposition of shares of our common stock underlying ADSs or the conversion or repatriation of the proceeds from such disposition will not be imposed in the future, nor can we assess the duration or impact of such restrictions if imposed.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>This summary does not purport to be complete and is qualified by reference to Chapter XIV of the Central Bank Foreign Exchange Regulations, a copy of which is available in Spanish and English versions at the Central Bank&#8217;s website at </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>www.bcentral.cl</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>.</FONT></P></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>E.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Taxation</FONT></U></B></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Chilean Tax Considerations</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The following discussion is based on certain Chilean income tax laws presently in effect, including Rulings N&#176;324 of January 29, 1990, and N&#176;3,708 of October 1, 1999 of the Chilean Internal Revenue Service and other applicable regulations and rulings. The discussion summarizes the principal Chilean income tax consequences of an investment in the ADSs or shares of common stock by an individual who is not domiciled in or a resident of Chile or a legal entity that is not organized under the laws of Chile and does not have a permanent establishment located in Chile which we refer to as a foreign holder. For purposes of Chilean law, an individual holder is a resident of Chile if he or she has resided in Chile for more than six consecutive months in one calendar year or for a total of more than six months, whether consecutive or not, in two consecutive tax years. An individual holder is domiciled in Chile if he or she resides in Chile with the purpose of staying in Chile (such purpose to be evidenced by circumstances such as the acceptance of employment within Chile or the relocation of his or her family to Chile). This discussion is not intended as tax advice to any particular investor, which can be rendered only in light of that investor&#8217;s particular tax situation. Neither is it intended to be a comprehensive description of all the tax considerations that may be relevant to a decision to purchase, own or dispose of shares or ADSs and does address all of the tax consequences that may be relevant to specific holders in light of their particular circumstances. Holders of shares and ADSs are advised to consult their own tax advisors concerning the Chilean or other tax consequences relating to the ownership of shares or ADSs. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Under Chilean law, provisions contained in statutes such as tax rates applicable to foreign holders, the computation of taxable income for Chilean purposes and the manner in which Chilean taxes are imposed and collected may be amended only by another statute. In addition, the Chilean tax authorities issue rulings and regulations of either general or specific application interpreting the provisions of Chilean tax law. Chilean taxes may not be assessed retroactively against taxpayers who act in good faith relying on such rulings and regulations, but Chilean tax authorities may change said rulings and regulations prospectively. There is a general income tax treaty signed by Chile and the United States, but it is not in force (Congress approval is required).</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Cash dividends and Other Distributions.</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif> Cash dividends paid by us with respect to the ADSs or shares of common stock held by a foreign holder will be subject to a 35.0% withholding tax, which is withheld and paid by us (the &#8220;Chilean Withholding Tax&#8221;). A credit against the Chilean Withholding Tax is available based on the level of corporate income tax, or first category tax, actually paid by us on the taxable income to which the dividend is imputed; however, this credit does not reduce the Chilean Withholding Tax on a one-for-one basis because it also increases the base on which the Chilean Withholding Tax is imposed. In addition, distribution of book income in excess of retained taxable income is subject to the Chilean Withholding Tax, but such distribution does not have a related credit. Under Chilean income tax law, for purposes of determining the level of the first category tax that has been paid by us, dividends generally are assumed to have been paid out of our oldest retained taxable profits. Enacted on </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>September 29, 2014, Act No. 20,780 provides for the "Partially Integrated System" for corporate tax, implementing a gradual increase in the First Category Income tax rate, going from 20% to 21% for the 2014 business year, to 22.5% for the 2015 business year, to 24% for the 2016 business year, to 25.5% for the 2017 business year and to 27% starting the 2018 business year</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>. Whether the first category tax is imposed or not, the effective overall combined rate of Chilean taxes imposed with respect to our distributed profits would be 35.0%. Nevertheless, in the case that the retained taxable profits or exempted profits as of December 31 of the year preceding a dividend are not sufficient to attribute to such dividend, we will make a withholding of 35.0% of the </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>amount that exceeds those retained taxable or exempted profits. In case such withholding is determined to be excessive before the end of the year, there will be rights to file for the reimbursement of the excess withholding.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The foregoing tax consequences apply to cash dividends paid by us. Dividend distributions made in property (other than shares of common stock) will be subject to the same Chilean tax rules as cash dividends. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Capital Gains.</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> Gain realized on the sale, exchange or other disposition by a foreign holder of ADSs (or ADRs evidencing ADSs) will not be subject to Chilean taxation, provided that such disposition occurs outside Chile or that it is performed under the rules of Title XXIV of the Chilean Securities Market Law, as amended by Law N&#176; 19,601, dated January 18, 1999. The deposit and withdrawal of shares of common stock in exchange for ADRs will not be subject to any Chilean taxes.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Gain recognized on a sale or exchange of shares of common stock (as distinguished from sales or exchanges of ADSs representing such shares of common stock) by a foreign holder will be subject to both the first category tax and the Chilean Withholding Tax (the former being creditable against the latter) if (1) the foreign holder has held such shares of common stock for less than one year since exchanging ADSs for the shares of Common Stock, (2) the foreign holder acquired and disposed of the shares of common stock in the ordinary course of its business or as a regular trader of stock or (3) the sale is made to a company in which the foreign holder holds an interest (10.0% or more of the shares in the case of open stock corporations). In all other cases, gain on the disposition of shares of common stock will be subject only to the first category tax levied as a sole tax. However, if it is impossible to determine the taxable capital gain, a 5.0% withholding will be imposed on the total amount to be remitted abroad without any deductions as a provisional payment of the total tax due.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The tax basis of shares of common stock received in exchange for ADSs will be the acquisition value of such shares. The valuation procedure set forth in the deposit agreement, which has been analyzed by the Chilean Internal Revenue Service pursuant to Ruling N&#186; 324 of 1990, values shares of common stock that are being exchanged at the highest price at which they trade on the Santiago Stock Exchange on the date of the exchange, generally will determine the acquisition value for this purpose. Consequently, the conversion of ADSs into shares of common stock and sale of such shares of common stock for the value established under the deposit agreement will not generate a capital gain subject to taxation in Chile.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In the case where the sale of the shares is made on a day that is different from the date in which the exchange is recorded, capital gains subject to taxation in Chile may be generated. However, following Ruling N&#176; 3708 of 1999 of the Chilean Internal Revenue Service, we will include in the deposit agreement a provision whereby the capital gain that may be generated if the exchange date is different from the date in which the shares received in exchange for ADSs are sold, will not be subject to taxation. Such provision states that in the event that the exchanged shares are sold by the ADS holders in a Chilean stock exchange on the same day in which the exchange is recorded in the shareholders&#8217; registry of the issuer or within two business days prior to the date on which the sale is recorded in the shareholders&#8217; registry, the acquisition price of such exchanged shares shall be the price registered in the invoice issued by the stock broker that participated in the sale transaction.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The exercise of preemptive rights relating to the shares of common stock will not be subject to Chilean taxation. Amounts received for the assignment of preemptive rights relating to the shares will be subject to both the first category tax and the Chilean Withholding Tax (the former being creditable against the latter to the extent described above).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The Chilean Internal Revenue Service has not enacted any rule nor issued any ruling about the applicability of the norms explained below (referred to as Laws N&#186; 19,738 and N&#186; 19,768) to the foreign holders of ADRs.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>To the extent that our shares are actively traded on a Chilean stock exchange, foreign institutional investors who acquire our shares may benefit from a tax exemption included in an amendment to the Chilean Income Tax Law, Law N&#186; 19,738 published on June 19, 2001, as amended by Law N&#186; 20,448 published on August 13, 2010. The amendment established an exemption for the payment of income tax by foreign institutional investors, such as mutual funds, pension funds and others, that obtain capital gains in the sales through a Chilean stock exchange, a tender offer or any other system authorized by the SVS, of shares of publicly traded corporations that are significantly traded in stock exchanges.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>A foreign institutional investor is an entity that is either:</FONT></P>

<OL style="MARGIN-BOTTOM: 0cm; MARGIN-TOP: 0cm" type=a><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>a fund that makes public offers of its shares in a country which public debt has been rated investment grade by an international risk classification agency qualified by the SVS;</FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>a fund that is registered with a regulatory entity of a country which public debt has been rated investment grade by an international risk classification agency qualified by the SVS, provided that the investments in Chile, including securities issued abroad that represent Chilean securities, held by the fund represent less than 30.0% of its share value;</FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>a fund that holds investments in Chile that represent less than 30.0% of its share value, provided that it proves that no more that 10.0% of its share value is directly or indirectly owned by Chilean residents;</FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>a pension fund that is exclusively formed by individuals that receive their pension on account of capital accumulated in the fund;</FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>a fund regulated by Law N&#186; 18,657, or the Foreign Capital Investment Funds Law, in which case all holders of its shares must reside abroad or be qualified as local institutional investors; or</FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>any other institutional foreign investor that complies with the characteristics defined by a regulation with the prior report of the SVS and the Chilean Internal Revenue Service.</FONT> </LI></FONT></OL>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In order to be entitled to the exemption, foreign institutional investors, during the time in which they operate in Chile must:</FONT></P>

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<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>be organized abroad and not be domiciled in Chile;</FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>not participate, directly or indirectly, in the control of the issuers of the securities in which they invest and not hold, directly or indirectly, 10.0% or more of such companies&#8217; capital or profits;</FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>execute an agreement in writing with a Chilean bank or securities broker in which the intermediary is responsible for the execution of purchase and sale orders and for the verification, at the time of the respective remittance, that such remittances relate to capital gains that are exempt from income tax in Chile or, if they are subject to income tax, that the applicable withholdings have been made; and</FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>register in a special registry with the Chilean Internal Revenue Service.</FONT> </LI></FONT></OL>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Pursuant to the enacted amendment to the Chilean Income Tax Law published on November 7, 2001 (Law N&#176; 19,768) as amended by Law N&#186; 19,801 published on April 25, 2002, as amended by Law N&#186; 20,448 published on August 13, 2010, &nbsp;the sale and disposition of shares of Chilean public corporations which are actively traded on a Chilean stock exchange is not levied by any Chilean tax on capital gains if the sale or disposition was made:</FONT></P>

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<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>on a local stock exchange or any other stock exchange authorized by the SVS or in a tender offer process according to Title XXV of the Chilean Securities Market Law, so long as the shares (a) were purchased on a public stock exchange or in a tender offer process pursuant to Title XXV of the Chilean Securities Market Law, (b) are newly issued shares issued in a capital increase of the corporation, or (c) were the result of the exchange of convertible bonds (in which case the option price is considered to be the price of the shares). In this case, gains exempted from Chilean taxes shall be calculated using the criteria set forth in the Chilean Income Tax Law; or</FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>within 90 days after the shares would have ceased to be significantly traded on stock exchange. In such case, the gains exempted from Chilean taxes on capital gains will be up to the average price per share of the last 90 days. Any gains above the average price will be subject to the first category tax.</FONT> </LI></OL></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other Chilean Taxes.</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> No Chilean inheritance, gift or succession taxes apply to the transfer or disposition of the ADSs by a foreign holder but such taxes generally will apply to the transfer at death or by a gift of shares of common stock by a foreign holder. No Chilean stamp, issue, registration or similar taxes or duties apply to foreign holders of ADSs or shares of common stock.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Withholding Tax Certificates.</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> Upon request, we will provide to foreign holders appropriate documentation evidencing the payment of the Chilean Withholding Tax. We will also inform when the withholding was excessive in order to allow the filing for the reimbursement of taxes.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>United States Federal Income Tax Considerations</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The following discussion summarizes the principal U.S. federal income tax considerations relating to the acquisition, ownership and disposition of Common Stock or ADSs by a U.S. holder (as defined below) holding such Common Stock or ADSs as capital assets for U.S. federal income tax purposes (generally, property held for investment). This summary is based upon the Internal Revenue Code of 1986, as amended (the &#8220;Code&#8221;), Treasury regulations, administrative pronouncements of the U.S. Internal Revenue Service (the &#8220;IRS&#8221;) and judicial decisions, all as in effect on the date hereof, and all of which are subject to change (possibly with retroactive effect) and to differing interpretations. This summary does not describe any implications under state, local or non-U.S. tax law, or any aspect of U.S. federal tax law (such as the estate tax, gift tax, the alternative minimum tax or the Medicare tax on net investment income) other than U.S. federal income taxation.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>This summary does not purport to address all the material U.S. federal income tax consequences that may be relevant to the holders of the Common Stock or ADSs, and does not take into account the specific circumstances of any particular investors, some of which (such as tax-exempt entities, banks or other financial institutions, insurance companies, dealers in securities or currencies, traders in securities that elect to use a mark-to-market method of accounting for their securities holdings, regulated investment companies, real-estate investment trusts, partnerships and other pass-through entities, U.S. expatriates, investors that own or are treated as owning 10% or more of our voting stock, investors that hold the Common Stock or ADSs as part of a straddle, hedge, conversion or constructive sale transaction or other integrated transaction and persons whose functional currency is not the U.S. dollar) may be subject to special tax rules.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>As used below, a &#8220;U.S. holder&#8221; is a beneficial owner of Common Stock or ADSs that is, for U.S. federal income tax purposes:</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 72pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>an individual citizen or resident of the United States;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 72pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>a corporation (or an entity taxable as a corporation) created or organized in or under the laws of the United States, any state thereof, or the District of Columbia;</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 72pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>an estate, the income of which is subject to U.S. federal income tax regardless of its source; or</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 72pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>a trust if (A) a court within the United States is able to exercise primary supervision over the administration of the trust and one or more United States persons have the authority to control all substantial decisions of the trust or (B) the trust has a valid election in effect under applicable U.S. Treasury regulations to be treated as a United States person.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>If a partnership or other entity taxable as a partnership holds Common Stock or ADSs, the tax treatment of a partner will generally depend on the status of the partner and the activities of the partnership. Partners of partnerships holding Common Stock or ADSs should consult their tax advisors.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In general, for U.S. federal income tax purposes, holders of ADRs evidencing ADSs will be treated as the beneficial owners of the Common Stock represented by those ADSs.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Taxation of Distributions</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In general, distributions with respect to the Common Stock or ADSs will, to the extent made from our current or accumulated earnings and profits, as determined under U.S. federal income tax principles, constitute dividends for U.S. federal income tax purposes. If a distribution exceeds the amount of our current and accumulated earnings and profits, as so determined under U.S. federal income tax principles, the excess will be treated first as a non-taxable return of capital to the extent of the U.S. holder&#8217;s tax basis in the Common Stock or ADSs, and thereafter as capital gain. We do not intend to maintain calculations of our earnings and profits under U.S. federal income tax principles and, unless and until such calculations are made, U.S. holders should assume all distributions are made out of earnings and profits and constitute dividend income. As used below, the term &#8220;dividend&#8221; means a distribution that constitutes a dividend for U.S. federal income tax purposes.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The gross amount of any dividends (including amounts withheld in respect of Chilean taxes) paid with respect to the Common Stock or ADSs generally will be subject to U.S. federal income taxation as ordinary income and will not be eligible for the dividends received deduction allowed to corporations. Dividends paid in Chilean currency will be included in the gross income of a U.S. holder in a U.S. dollar amount calculated by reference to the exchange rate in effect on the date the dividends are actually or constructively received by the U.S. holder, or in the case of dividends received in respect of ADSs, on the date the dividends are actually or constructively received by the depositary or its agent, whether or not converted into U.S. dollars. A U.S. holder will have a tax basis in any distributed Chilean currency equal to its U.S. dollar amount on the date of receipt by the U.S. holder or disposition, as the case may be, and any gain or loss recognized upon a subsequent disposition of such Chilean currency generally will be foreign currency gain or loss that is treated as U.S. source ordinary income or loss. If dividends paid in Chilean currency are converted into U.S. dollars on the day they are received by the U.S. holder, the depositary or its agent, as the case may be, U.S. holders generally should not be required to recognize foreign currency gain or loss in respect of the dividend income. U.S. holders should consult their own tax advisors regarding the treatment of any foreign currency gain or loss if any Chilean currency received by the U.S. holder or the depositary or its agent is not converted into U.S. dollars on the date of receipt.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Under current law, the U.S. dollar amount of dividends by an individual with respect to the ADSs will be subject to taxation at a maximum rate of 20% if the dividends represent &#8220;qualified dividend income.&#8221; Dividends paid on the ADSs will be treated as qualified dividend income if (i) the ADSs are readily tradable on an established securities market in the United States, (ii) the U.S. holder meets the holding period requirement for the ADSs (generally more than 60 days during the 121-day period that begins 60 days before the ex-dividend date), and (iii) we were not in the year prior to the year in which the dividend was paid, and are not in the year in which the dividend is paid, a passive </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>foreign investment company (&#8220;PFIC&#8221;). The ADSs are listed on the New York Stock Exchange, and should qualify as readily tradable on an established securities market in the United States so long as they are so listed. However, no assurances can be given that the ADSs will be or remain readily tradable. Based on our audited financial statements as well as relevant market and shareholder data, we believe that we were not treated as a PFIC for U.S. federal income tax purposes with respect to our 2015 taxable year. In addition, based on our audited financial statements and current expectations regarding the value and nature of our assets, the sources and nature of our income, and relevant market and shareholder data, we do not anticipate becoming a PFIC for our 2016 taxable year. Because these determinations are based on the nature of our income and assets from time to time, and involve the application of complex tax rules, no assurances can be provided that we will not be considered a PFIC for the current (or any past or future) tax year.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Based on existing guidance, it is not entirely clear whether dividends received with respect to the Common Stock (to the extent not represented by ADSs) will be treated as qualified dividend income, because the Common Stock are not themselves listed on a U.S. exchange. In addition, the U.S. Treasury Department has announced its intention to promulgate rules pursuant to which holders of ADSs or preferred stock and intermediaries through whom such securities are held will be permitted to rely on certifications from issuers to establish that dividends are treated as qualified dividends. Because such procedures have not yet been issued, we are not certain that we will be able to comply with them. U.S. Holders of ADSs and Common Stock should consult their own tax advisors regarding the availability of the reduced dividend tax rate in the light of their own particular circumstances.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Dividends paid by us generally will constitute foreign source &#8220;passive category&#8221; income and will be subject to various other limitations for U.S. foreign tax credit purposes. Subject to generally applicable limitations under U.S. federal income tax law, Chilean income tax imposed or withheld on such dividends, if any, will be treated as a foreign income tax eligible for credit against a U.S. holder&#8217;s U.S. federal income tax liability (or at a U.S. holder&#8217;s election if it does not elect to claim a foreign tax credit for any foreign income taxes paid during the taxable year, all foreign income taxes paid may instead be deducted in computing such U.S. holder&#8217;s taxable income). In general, special rules will apply to the calculation of foreign tax credits in respect of dividend income that is subject to preferential rates of U.S. federal income tax.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>U.S. holders should be aware that the IRS has expressed concern that parties to whom ADSs are released may be taking actions that are inconsistent with the claiming of foreign tax credits by U.S. holders of ADSs. Accordingly, the discussion above regarding the creditability of Chilean income tax on dividends could be affected by future actions that may be taken by the IRS. The rules with respect to the U.S. foreign tax credit are complex, and U.S. holders of Common Stock or ADSs are urged to consult their own tax advisors regarding the availability of the foreign tax credit under their particular circumstances.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Taxation of Capital Gains</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Deposits and withdrawals of Common Stock by U.S. holders in exchange for ADSs will not result in the realization of gain or loss for U.S. federal income tax purposes.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In general, gain or loss, if any, realized by a U.S. holder upon a sale, exchange or other taxable disposition of Common Stock or ADSs will be subject to U.S. federal income taxation as capital gain or loss in an amount equal to the difference between the amount realized on the sale, exchange or other taxable disposition and such U.S. holder&#8217;s adjusted tax basis in the Common Stock or ADSs. Such capital gain or loss will be long-term capital gain or loss if at the time of sale, exchange or other taxable disposition the Common Stock or ADSs have been held for more than one year. Under current U.S. federal income tax law, net long-term capital gain of certain U.S. holders (including individuals) is eligible for taxation at preferential rates. The deductibility of capital losses is subject to certain limitations under the Code.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Gain, if any, realized by a U.S. holder on the sale, exchange or other taxable disposition of Common Stock or ADSs generally will be treated as U.S. source gain for U.S. foreign tax credit purposes. Consequently, if a Chilean income tax is imposed on the sale or disposition of Common Stock, a U.S. holder that does not receive sufficient foreign source income from other sources may not be able to derive effective U.S. foreign tax credit benefits in respect of such Chilean income tax. Alternatively, a U.S. holder may take a deduction for all foreign income taxes paid during the taxable year if it does not elect to claim a foreign tax credit for any foreign taxes paid or accrued during the taxable year. U.S. holders should consult their own tax advisors regarding the application of the foreign tax credit rules to their investment in, and disposition of, Common Stock or ADSs.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Passive Foreign Investment Company Rules</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>In general, a foreign corporation is a PFIC with respect to a U.S. holder if, for any taxable year in which the U.S. holder holds stock in the foreign corporation, at least 75% of the foreign corporation&#8217;s gross income is passive income or at least 50% of the value of its assets (determined on the basis of a quarterly average) produce passive income or are held for the production of passive income. For this purpose, passive income generally includes, among other things, dividends, interest, rents, royalties and gains from the disposition of investment assets (subject to various exceptions). Based upon our current and projected income, assets and activities, we do not expect the Common Stock or ADSs to be considered shares of a PFIC for our current fiscal year or for future fiscal years. However, because the determination of whether the Common Stock or ADSs constitute shares of a PFIC will be based upon the composition of our income, assets and the nature of our business, as well as the income, assets and business of entities in which we hold at least a 25% interest, from time to time, and because there are uncertainties in the application of the relevant rules, there can be no assurance that the Common Stock or ADSs will not be considered shares of a PFIC for any fiscal year. If the Common Stock or ADSs were shares of a PFIC for any fiscal year, U.S. holders (including certain indirect U.S. holders) may be subject to adverse tax consequences, including the possible imposition of an interest charge on gains or &#8220;excess distributions&#8221; allocable to prior years in the U.S. holder&#8217;s holding period during which we were determined to be a PFIC, unless such U.S. holder makes an election to be taxed currently on its pro rata portion of our income, whether or not such income is distributed in the form of dividends, or otherwise makes a &#8220;mark-to-market&#8221; election with respect to the Common Stock or ADSs as permitted by the Code. If we are deemed to be a PFIC for a taxable year, dividends on our Common Stock or ADSs would not be &#8220;qualified dividend income&#8221; eligible for preferential rates of U.S. federal income taxation. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>A U.S. Holder who owns Common Stock or ADSs during any taxable year that we are a PFIC in excess of certain </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>de minimis</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> amounts and fails to qualify for certain other exemptions would be required to file IRS Form 8621. In addition, under certain circumstances, the temporary regulations also require a &#8220;United States person&#8221; (as such term is defined under the Code) that owns an interest in a PFIC as an indirect shareholder through one or more United States persons to file Form 8621 for any taxable year during which such indirect shareholder is treated as receiving an excess distribution in connection with the ownership or disposition of such interest, or reports income pursuant to mark-to-market election. U.S. holders should consult their own tax advisors regarding the application of the PFIC rules to the Common Stock or ADSs.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>U.S. Information Reporting and Backup Withholding</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>A U.S. holder of Common Stock or ADSs may, under certain circumstances, be subject to information reporting and backup withholding with respect to certain payments to such U.S. holder, such as dividends paid by our company or the proceeds of a sale, exchange or other taxable disposition of Common Stock or ADSs, unless such U.S. holder (i) is an exempt recipient and demonstrates this fact when so required, or (ii) in the case of backup withholding, provides a correct taxpayer identification number, certifies that it is a U.S. person and that it is not subject to backup withholding, and otherwise complies with applicable requirements of the backup withholding rules. Backup withholding is not an additional tax. Any amount withheld under these rules will be </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>creditable against a U.S. holder&#8217;s U.S. federal income tax liability, provided the requisite information is timely furnished to the IRS.</FONT></P></DIV>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>&#8220;Specified Foreign Financial Asset&#8221; Reporting</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Owners of &#8220;specified foreign financial assets&#8221; with an aggregate value in excess of US$50,000 (and in some circumstances, a higher threshold), may be required to file an information report with respect to such assets with their U.S. federal income tax returns. &#8220;Specified foreign financial assets&#8221; generally include any financial accounts maintained by foreign financial institutions as well as any of the following, but only if they are not held in accounts maintained by financial institutions: (i) stocks and securities issued by non-U.S. persons, (ii) financial instruments and contracts held for investment that have non-U.S. issuers or counterparties and (iii) interests in foreign entities. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 4.5pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Prospective purchasers should consult their own tax advisors regarding the application of the U.S. federal income tax laws to their particular situations as well as any additional tax consequences resulting from purchasing, holding or disposing of Common Stock or ADSs, including the applicability and effect of the tax laws of any state, local or foreign jurisdiction, including estate, gift, and inheritance laws. </FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>F.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Dividends and Paying Agents</FONT></U></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Not applicable.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>G.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Statement by Experts</FONT></U></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Not applicable.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>H.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Documents on Display</FONT></U></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 3.2pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>We are subject to the informational requirements of the Exchange Act. In accordance with these requirements, we file annual reports and submit other information to the United States Securities and Exchange Commission (the &#8220;SEC&#8221;). These materials, including this Form 20-F and the exhibits thereto, may be inspected and copied at the SEC&#8217;s Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549. The public may obtain information on the operation of the SEC&#8217;s Public Reference Room by calling the SEC in the United States at 1-800-SEC-0330. The SEC also maintains a website at http://www.sec.gov/ that contains reports, proxy statements and other information regarding registrants that file electronically with the SEC. Form 20-F reports and the other information submitted by us to the SEC may be accessed through this website. Additionally, the documents concerning us, which are referred to in this annual report, may be inspected at our principal offices at Vitacura 2670, Twenty Third Floor, Santiago, Chile.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 13pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face=Arial,sans-serif>I.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 13pt" face=Arial,sans-serif>Subsidiary Information</FONT></U></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Not applicable.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671489"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 11: Quantitative and Qualitative Disclosures about Market Risk</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The following discussion about our risk management activities includes &#8220;forward-looking statements&#8221; that involve risk and uncertainties. Actual results could differ materially from those projected in the forward-looking statements.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>We face primary market risk exposures in three categories: interest rate fluctuations, exchange rate fluctuations and commodity price fluctuations. We periodically review our exposure to the three principal sources of risk described above and determine at our senior-management level how to minimize the impact on our operations of commodity price, foreign exchange and interest rate changes. As part of this review process, we periodically evaluate opportunities to enter into hedging mechanisms to mitigate such risks.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The market risk sensitive instruments referred to below are entered into only for purposes of hedging our risks and are not used for trading purposes.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Qualitative Information About Market Risk</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Interest Rate Risk</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>As of December 31, 2015, we had a total of CLP 15,940 and CLP 4,266 million in debt indexed to London InterBank Offered Rate (&#8220;LIBOR&#8221;) and Buenos Aires Deposits of Large Amount Rate (&#8220;BADLAR&#8221;), respectively (CLP 13,691 million indexed to LIBOR as of December 31, 2014). Consequently, as of December 31, 2015, our financing structure consisted (without taking into account the cross currency interest rate swaps and cross interest rate swaps effects) of 12% (7% as of December 31, 2014) of debt with variable interest rates, and 88% (93% as of December 31, 2014) of debt with fixed interest rates.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>To manage the interest rate risk, we have an interest rate administration policy that intends to reduce the volatility of our financial expenses, and to maintain an ideal percentage of our 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 and cross interest rate swaps.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>As of December 31, 2015, after considering the effect of cross currency interest rate swaps and cross interest rate swaps, 97% (100% in 2014) of our debt had fixed interest rates.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The terms and conditions of the Company&#8217;s obligations as of December 31, 2015, including exchange rates, interest rates, maturities and effective interest rates are detailed in Note 27 to our audited financial statements included elsewhere in this Form 20-F.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Commodity and Raw Material Price Sensitivity </FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The principal commodity price sensitivity faced by us relate to fluctuations in: 1) prices and supply of barley, malt and cans, which we use for the production of beer, 2) prices of concentrates, sugar and plastic resin, which we use for the production and packaging of soft drinks, and 3) prices of bulk wine and grapes, which we use for the manufacturing of wine and spirits.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Barley, malt and cans. In Chile, we obtain our supply of barley and malt from local producers and in the international market. Long-term supply agreements are entered into with local producers, where the barley price is set annually according to the market price, which is used to determine the malt price as per the agreements&#8217; algorithms. The purchases and commitments expose the Company to risk regarding the fluctuation of commodity prices.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>During 2015, we purchased 53,890 tons of malt (37,315 tons in 2014) and 46,620 tons of barley (52,720 tons in 2014). In Argentina we acquire malt only from local sources. Such raw materials represent approximately 9% (12% in 2014 and 2013) of the direct cost for the Chile Operating segment. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Of the cost of Chile Operating segment, the cost of cans represents approximately 12% of the direct cost (12% in 2014 and 16% in 2013). Meanwhile in International Business Operating segment the cans cost represent approximately 30% of the direct cost of raw materials in 2015 (20% in 2014 and 22% in 2013). See &#8220;Item 4: Information on the Company &#8211; Business Overview &#8211; Raw Materials and <FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>other Supplies&#8221;<FONT style="FONT-SIZE: 10pt" face=Arial>.</FONT> We do not hedge these transactions. Rather, we negotiate yearly contracts with malt suppliers.</FONT></FONT>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Concentrates, sugar and plastic resin. The principal raw material 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 with regards to these raw materials, which jointly represent 29% (29% in 2014 and 27% in 2013) of the direct cost for the Chile Operating segment. See &#8220;Item 4: Information on the Company &#8211; Business Overview &#8211; Raw Materials and other Supplies&#8221;. We do not hedge these transactions.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Grapes and wine. The principal raw materials used by our wine subsidiary VSPT in the production of wine are its own harvested grape as well as purchased grapes and wine. VSPT obtains approximately 49% of the grapes used for export wines from its own vineyards, thereby reducing grape price volatility and ensuring quality consistency. Approximately 12% of the grape supply for the production of the wine sold in the domestic market is purchased from third parties. During 2015, VSPT purchased 55% of the necessary grapes and wine on the basis of yearly contracts at fixed prices from third parties. Spot transactions for wine are executed from time to time depending on additional wine needs. &#8220;Item 4: Information on the Company &#8211; Business Overview &#8211; Raw Materials and other Supplies.&#8221;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Exchange Rate Sensitivity</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>We are exposed to exchange rate risks resulting from: a) our net exposure of foreign currency assets and liabilities, b) exports sales, c) the purchase of raw material, products and capital investments effected in foreign currencies, or indexed to such currencies, and d) the net investment of subsidiaries in Argentina, Uruguay and Paraguay, of associated in Bolivia and of joint venture in Colombia. Our greatest exchange rate risk exposure is the variation of the Chilean peso as compared to the U.S. dollar, euro, argentine peso, uruguayan peso, paraguayan guaran&#237;, bolivians and colombian peso.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>As of December 31, 2015, we maintained in Chile foreign currency liabilities amounting to CLP 49,786 million (CLP 46,780 million as of December 31, 2014), mostly denominated in U.S. dollars. Obligations with financial institutions and bonds in foreign currency (CLP 16,626 million as of December 31, 2015 and CLP 19,839 million as of December 31, 2014) represent 10% (11% as of December 31, 2014) of the total of such liabilities. The remaining 90% (89% as of December 31, 2014) is denominated mainly in inflation-indexed Chilean pesos. In addition, the Company maintains current foreign currency assets for CLP 72,888 million (CLP 57,087 million as of December 31, 2014) that mainly correspond to exports in accounts receivable.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Regarding the foreign subsidiaries operations, the net exposure liability in U.S. dollars and other currencies amounted to CLP 1,368 million as of December 31, 2015 (CLP 1,932 million as of December 31, 2014).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>To protect the value of the foreign currency assets and liabilities net position of our Chilean operations, we enter into derivative agreements (currency forwards) to hedge against any variation in the Chilean peso as compared to other currencies.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>As of December 31, 2015, net exposure in foreign currencies of our Chilean operations, after the use of derivative instruments, amounted to a liability of CLP 757 million (CLP 2,588 million as of December 31, 2014).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>In 2015, of our total sales, 8% (8% in 2014 and 2013) corresponded to export sales made in foreign currencies, mainly U.S. dollars, euros and pounds sterling, and of the total costs, 54% (55% in 2014 and 57% in 2013) correspond to raw material and product purchases in foreign currencies, or indexed to such currencies. We do not actively hedge the variations in the expected cash flows from such transactions.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>On the other hand, we are exposed to exchange rate movements related to the conversion from argentine pesos, uruguayan pesos, paraguayan guaranis, bolivians and colombian pesos to chilean pesos in the income, assets and liabilities of our subsidiaries in Argentina, Uruguay and Paraguay, associated in Bolivia and joint venture in Colombia. We do not actively hedge the risks related to this conversion at our subsidiaries, the effects of which are recorded in Equity. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>As of December 31, 2015, the net investment in foreign subsidiaries, associated and joint ventures amounted to CLP 133,555 million, CLP 14,277 million and CLP 18,719 million, respectively (CLP 127,753 million, CLP 12,758 million and CLP 1,445 million as of December 31, 2014).</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Quantitative Information About Market Risk</FONT></B></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Interest Rate Sensitivity</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Most of our debt is at a fixed interest rate, so it is not mainly exposed to fluctuations in interest rates. As of December 31, 2015, our interest-bearing debt amounted to CLP 168,118 million (see note 27 to the consolidated financial statements), 88% of which was fixed debt and 12% of which was variable-rate debt.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>The following table summarizes debt obligations with interest rates by maturity date, the related weighted-average interest rates and fair values:</FONT></P>

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   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" colSpan=9 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Contractual Maturity Date</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2016</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2017</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2018</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2019</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2020</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Thereafter</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Fair Value</FONT></B></P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" colSpan=3 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 11pt" face=arial,sans-serif>Interest bearing liabilities</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Fixed rate</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Ch$ (UF) </FONT><SUP><FONT style="FONT-SIZE: 8.5pt" face=arial,sans-serif>(1)</FONT></SUP></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Bonds and Banks</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,491 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>8,746 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>8,710 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>18,274 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>8,334 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>93,614 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>145,169 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>119,742 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Average interest rate</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.5%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.5%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.5%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.6%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.8%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.8%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Ch$</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6,437 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>18,135 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,023 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.023 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,023 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>27,640 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>26,608 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Average interest rate</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.1%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.5%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>5.2%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>5.2%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>5.1%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>US$</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>690 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>690 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>689 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Average interest rate</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.2%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Argentine pesos</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>12,933 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6,855 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,722 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>530 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>22,040 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>17,274 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Average interest rate</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>24.8%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>23.8%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>21.3%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>15,0%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Uruguayan pesos</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>345 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>851 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>851 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2,047 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2,047 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Average interest rate</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.0%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.0%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.0%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 11pt" face=arial,sans-serif>Variable rate</FONT></B></P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>US$</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>10,564 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>126 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>5,663 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>16,354 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>15,946 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Average interest rate</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Libor +</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.6%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.1%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.1%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Argentine pesos</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,905 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,661 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,098 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>805 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>5,469 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4,266 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Average interest rate</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Badlar +</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>25.2%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>25.19%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>25.2%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>25.2%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" colSpan=3 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 11pt" face=arial,sans-serif>Non interest bearing liabilities</FONT></B></P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Derivate Contract</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" colSpan=3 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Cross Interest Rate Swap:</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" colSpan=3 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Receive US$ at Libor + 1.46</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,254 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,254 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,227 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Pay US$ at 3.6%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,362 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,362 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,335 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Forwards</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>171 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>171 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>171 </FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>(1) UF as of Dec 31, 2015</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%">&nbsp;</P>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%">&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Commodity Price Sensitivity</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The major commodity price sensitivity faced by us relate to fluctuations in malt prices.</FONT></P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">120</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The following table summarizes information about our malt (includes barley), sugar and bulk wine inventories and futures contracts that are sensitive to changes in commodity prices, mainly malt prices. For inventories, the table presents the carrying amount and fair value of the inventories and contracts as of December 31, 2015. For these contracts the table presents the notional amount in tons, the weighted average contract price, and the total dollar contract amount by expected maturity date.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

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<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="64%" colSpan=7 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Commodity Price Sensitivity as of December 31, 2015</FONT></U></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Carrying Amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Fair Value</FONT></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%" colSpan=3 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>On Balance Sheet Position</FONT></U></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Malt inventory (millions of CLP)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>16,421 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>16,421 </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%" colSpan=3 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Bulk wine inventory - raw material (millions of CLP)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>30,337 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>30,337 </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="27%" colSpan=3 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Expected Maturity</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Fair Value</FONT></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2016 </FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2017 </FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2018 </FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2019 </FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2020 </FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Thereafter</FONT></B></P></TD>

   <TD></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%" colSpan=3 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Purchase Contracts</FONT></U></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Malt:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Fixed Purchase Volume (tons)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>129,556 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>131,782 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>135,033 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>136,683 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>22,817 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Weighted Average Price (US$ per ton)(*)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>575 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>575 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>575 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>575 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>575 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Contract Amount (thousands of US$)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>74,495 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>75,775 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>77,644 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>78,593 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>13,120 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>308,143 </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Sugar:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Fixed Purchase Volume (tons)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>75,000 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Weighted Average Price (US$ per ton)(*)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>550 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Contract Amount (thousands of US$)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>41,250 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>40,900 </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Grapes:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Fixed Purchase Volume (tons)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>30,044 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>16,781 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>13,806 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2,772 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,477 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>252 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Weighted Average Price (CLP per kg.)(*)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>218 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>226 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>216 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>398 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>529 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>990 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Contract Amount (millions of CLP)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6,543 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3,790 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2,982 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,103 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>781 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>250 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>15,732 </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Wine:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Fixed Purchase Volume (tons)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>16,750 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD></TR>

<TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Weighted Average Price (CLP per liter)(*)</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>219 </FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Contract Amount (millions of CLP)</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3,666 </FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3,666 </FONT></P></TD></TR>

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<TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>(*) Weighted average price estimation is calculated based on expected market prices. Prices to be paid by us are adjusted based on current market conditions.</FONT></P></TD></TR></TABLE></FONT></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>As of December 31, 2015 we had malt and barley purchase contracts for US$54.8 million in Chile, compared with US$46.6 million as of December 31, 2014. </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Exchange Rate Sensitivity </FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The major exchange rate risk faced by us is the variation of the Chilean peso against the U.S. dollar.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>A portion of our subsidiaries operating results, assets and liabilities are in currencies that differ from our functional currencies. However, since some of their operating revenues, costs and expenses are in the same currency, this can create a partial natural hedge. For the portion that is not naturally hedged of operations in Chile we enter into derivative agreements (currency forwards) to mitigate any variation in the Chilean peso as compared to other currencies.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The following table summarizes our debt obligations, cash and cash equivalents, accounts receivable, accounts payable and derivative contracts in foreign currencies as of December 31, 2015 in millions of Chilean pesos, according to their maturity date, weighted-average interest rates and fair values:</FONT></P>

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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">121</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>Exchange Rate Sensitivity&nbsp;as of December 31, 2015</FONT></U></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>(millions of Ch$, except percentages and exchange rate)</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Contractual Maturity Date</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2016</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2017</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2018</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2019</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2020</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Thereafter</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Fair Value</FONT></B></P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 11pt" face=arial,sans-serif>Debt Obligations</FONT></U></B></P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 11pt" face=arial,sans-serif>Variable rate (US$)</FONT></B></P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Short and medium term</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>10,564 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>126 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>5,663 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>16,354</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>15,946 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=3 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Average int.rate Libor +</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.64%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.1%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.1%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 11pt" face=arial,sans-serif>Fixed rate (US$)</FONT></B></P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Short term</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>690 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>690</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>689 </FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=3 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Interest rate</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.2%</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

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<TR style="HEIGHT: 12.75pt">

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 11pt" face=arial,sans-serif>Cash and Cash</FONT></U></B></P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 11pt" face=arial,sans-serif>Equivalents </FONT></U></B><SUP><B><U><FONT style="FONT-SIZE: 9.5pt" face=arial,sans-serif>(1)</FONT></U></B></SUP></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>US$</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>5,386</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>5,386</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>5,386</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Others</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,315</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,315</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,315</FONT></P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" face=arial,sans-serif>TOTAL</FONT></P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6,701</FONT></P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6,701</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6,701</FONT></P></TD></TR>

<TR style="HEIGHT: 13.5pt">

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" colSpan=4 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 11pt" face=arial,sans-serif>Accounts Receivable </FONT></U></B><SUP><B><U><FONT style="FONT-SIZE: 9.5pt" face=arial,sans-serif>(1)</FONT></U></B></SUP></P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>US$</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>25,499</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>25,499</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>25,499</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>EUR</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,463</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,463</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,463</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Others</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,777</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,777</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,777</FONT></P></TD></TR>

<TR style="HEIGHT: 13.5pt">

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>TOTAL</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13.5pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>34,739</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13.5pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>34,739</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13.5pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>34,739</FONT></P></TD></TR>

<TR style="HEIGHT: 13.5pt">

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 11pt" face=arial,sans-serif>Accounts Payable </FONT></U></B><SUP><B><U><FONT style="FONT-SIZE: 9.5pt" face=arial,sans-serif>(1)</FONT></U></B></SUP></P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>US$</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>18,669</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>18,669</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>18,669</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>EUR</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6,403</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6,403</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6,403</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Others</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>424</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>424</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>424</FONT></P></TD></TR>

<TR style="HEIGHT: 13.5pt">

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>TOTAL</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13.5pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>25,496</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13.5pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>25,496</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13.5pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>25,496</FONT></P></TD></TR>

<TR style="HEIGHT: 13.5pt">

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" colSpan=4 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><SUP><FONT style="FONT-SIZE: 8.5pt" face=arial,sans-serif>(1)</FONT></SUP><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif> Figures as of December 31, 2015.</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="38%" colSpan=7 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Contractual Maturity Date</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Notional</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2016</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2017</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2018</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2019</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2020</FONT></U></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Thereafter</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Fair Value</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>amount</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" colSpan=4 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 11pt" face=arial,sans-serif>Derivate Contracts (in</FONT></U></B></P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></U></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><U><FONT style="FONT-SIZE: 11pt" face=arial,sans-serif>millions of Ch$)</FONT></U></B></P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Receive US$ </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>19,840 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>126 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>5,663 </FONT></P></TD>

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   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

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   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

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   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>25,630</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>25,410</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Pay US$ </FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,479 </FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

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   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

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   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,479</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,452</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Receive EUR</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>58 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

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   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

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   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>58</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>58</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Pay EUR </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2,612 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>60 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>5,452 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>8,124</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>8,142</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Receive Others</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>32 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>32</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>32</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Pay Others</FONT></P></TD>

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   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>

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   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>- </FONT></P></TD>

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   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%">&nbsp;</P>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671490"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 12: Description of Securities Other than Equity Securities</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>12.D.3. Depositary Fees and Charges</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>JPMorgan is the depositary of CCU shares in accordance with the amended and restated Deposit Agreement, dated July 31, 2013, entered into by and among CCU, JPMorgan, as depositary, and all owners from time to time of ADSs issued by CCU (&#8220;Deposit Agreement&#8221;).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Pursuant to the Deposit Agreement, holders of our ADSs may have to pay to JPMorgan, either directly or indirectly, fees or charges up to the amounts set forth in the table below.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">122</FONT></P>

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<TABLE style="WIDTH: 45%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD vAlign=top width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Service</FONT></B></P></TD>

   <TD vAlign=top width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Fee</FONT></B></P></TD></TR>

<TR>

   <TD vAlign=top width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Issuance of ADSs</FONT></P></TD>

   <TD vAlign=top width="50%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>US$5 per each 100 ADSs issued</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="50%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Cancellation of ADSs</FONT></P></TD>

   <TD vAlign=top width="50%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>US$5 per each 100 ADSs canceled</FONT></P></TD></TR>

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   <TD vAlign=top width="50%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Cash distributions</FONT></P></TD>

   <TD vAlign=top width="50%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>US$0.05 or less per ADS</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>During each year, the depositary will collect fees of US$0.05 or less per ADS per calendar year for administering the ADSs. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>ADS holders will also be responsible to pay certain fees and expenses incurred by the depositary bank and certain taxes and governmental charges such as: stock transfer or other taxes and other governmental charges; cable, telex and facsimile transmission and delivery charges incurred upon the transfer of securities; transfer or registration fees for the registration of transfers charged by the registrar and transfer agent; and expenses incurred for converting foreign currency into U.S. dollars.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 35.45pt; TEXT-INDENT: -35.45pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>12.D.4. Depositary Payments </FONT></B></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In 2015, the following reimbursements were made by JPMorgan, pursuant to the corresponding tax retention, in connection with our ADR program: </FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT size=2 face=Arial></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 45%" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.35pt">

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="74%">

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Expenses</FONT></B></P></TD>

   <TD style="HEIGHT: 12.35pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>amount in thousands US$ (*)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 0pt">

   <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="100%" colSpan=2><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></FONT></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Documents Edgard and filing</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>4.8</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>FASB fee</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0.7</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>PCAOB fee </FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>5.5</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Teleconferencing</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>5.5</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Legal advise related to 20-F preparation &amp; filing</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>86.0</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Software and licenses subscription Fee</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>15.3</FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Representative Fees</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2.1</FONT></P></TD></TR>

<TR style="HEIGHT: 3.6pt">

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 3.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=top width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>120.0</FONT></P></TD></TR>

<TR style="HEIGHT: 3.6pt">

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.35pt">

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>(*) includes 30% tax retention</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>PART II</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671492"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 13: Defaults, Dividend Arrearages and Delinquencies</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 36pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Not applicable.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671493"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 14: Material Modifications to the Rights of Security Holders and Use of Proceeds</FONT></B></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Not applicable.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671494"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 15: Controls and Procedures </FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>(a) Controls and Procedures. The Company&#8217;s management, with the participation of the Chief Executive Officer and Chief Financial Officer, conducted an evaluation of the effectiveness of our disclosure controls and procedures as of December 31, 2015. Based on this evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the disclosure controls and procedures were effective as of December 31, 2015. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Disclosure controls and procedures means controls and other procedures that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods required and that such information required to be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosures.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>(b) Management&#8217;s Annual Report on Internal Control over Financial Reporting. Our management, including our CEO and CFO, are responsible for establishing and maintaining adequate internal controls over financial reporting and has assessed the effectiveness of our internal control over financial reporting as of December 31, 2015 based on the criteria established in &#8220;Internal Control &#8211; Integrated Framework (2013)&#8221; issued by the Committee of Sponsoring Organizations of the Treadway Commission (&#8220;COSO&#8221;) and, based on such criteria, our management has concluded that, as of December 31, 2015 our internal control over financial reporting is effective.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Our internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with IFRS. Our internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of our assets; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with IFRS, and that our receipts and expenditures are being made only in accordance with authorizations of our management and directors; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of the effectiveness of internal control to future periods are subject to the risk that controls may become inadequate because of changes in conditions, and that the degree of compliance with the policies or procedures may deteriorate.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>The effectiveness of our internal control over financial reporting as of December 31, 2015 has been audited by PricewaterhouseCoopers, an independent registered public accounting firm, as stated in their report which appears herein.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>(c) Attestation Report of the Registered Public Accounting Firm. See page F-2 of our audited consolidated financial statements.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>(d) Changes in Internal Control over Financial Reporting. There has been no change in our internal control over financial reporting during 2015 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.</FONT></P>

<P style="MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>(e) Whistle-blowing procedure. We have a whistle-blowing procedure which allows any employee of CCU, of its associates or any person, to communicate to a designated person questionable practices or activities that constitute a breach of accounting procedures, internal controls, audit matters and the Code of Business Conduct. </FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671495"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 16A: Audit Committee Financial Expert</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In the board of directors meeting held on April 10, 2013, after the election of a new board of directors at the Shareholders&#8217; meeting, the board of directors appointed the following members to our audit committee: Messrs. Vittorio Corbo and Philippe Pasquet. Mr. Pasquet and Mr. Corbo meet the independence criteria contained in the Exchange Act and the NYSE Rules. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Due to the resignation of Mr. Philippe Pasquet of his position as director of the Company, effective as of June 30, 2015, at the board of directors&#180; meeting held on June 7, 2015, Mr. Jorge Luis Ramos Santos was appointed as a member of the audit committee, to replace Mr. Pasquet. Additionally, at the board of directors&#180; meeting held on July 7, 2015, director Mr. Carlos Molina was appointed to the audit committee on an observer status. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Finally, at the board of directors&#180; meeting held on April 13, 2016, following the election of a new board at the shareholders&#180; meeting held the same day, the board of directors appointed directors Messrs. Vittorio Corbo and Carlos Molina to our audit committee. Mr. Corbo and Mr. Molina meet the independence criteria under the Exchange Act and under the NYSE Rules. The board of directors also resolved that directors Messrs. Jos&#233; Miguel Barros and Francisco P&#233;rez shall participate in the audit committee&#180;s meetings as observers.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>We do not have an audit committee financial expert serving on our audit committee, as such term is defined under Item 407 of Regulation S-K. We do not have an audit committee financial expert because we are not required to appoint one under Chilean law.</FONT></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671496"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 16B: Code of Ethics</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>We have adopted a Code of Business Conduct that applies to all of our executive officers and employees. Our Code of Business Conduct is available on our website at </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LETTER-SPACING: -0.1pt" color=windowtext face=arial,sans-serif>www.ccu.cl</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif> or </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" color=windowtext face=arial,sans-serif>www.ccuinvestor.com</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>. Our code of ethics was updated on March 4, 2014 and no waivers, either explicit or implicit, of provisions of the code of ethics have been granted to the Chief Executive Officer, Chief Financial Officer or Chief Accounting Officer. The information on our website is not incorporated by reference into this document.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>In December 2013, we adopted a Code of Conduct of the board of directors that applies to all of the members of our board of directors, which was updated in July and December 2015. This Code of </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>Conduct is available on our website at </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" color=windowtext face=arial,sans-serif>www.ccu.cl</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif> or </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" color=windowtext face=arial,sans-serif>www.ccuinvestor.com</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>.&nbsp;The Code of Conduct sets forth certain basic principles intended to guide the actions of our directors, as well as certain procedures, policies and corporate governance best practices.&nbsp;The Code of Conduct covers matters of confidentiality, access to independent experts, orientation of newly elected directors and review of information regarding candidates for election to the board of directors.&nbsp;The Code of Conduct also establishes rules and procedures regarding conflicts of interest.&nbsp;The information on our website is not incorporated by reference into this document.</FONT></P></DIV>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671497"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 16C: Principal Accountant Fees and Services </FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The following table sets forth the fees billed to us by our independent auditors, PricewaterhouseCoopers, during the fiscal years ended December 31, 2014 and 2015:</FONT></P>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2014</FONT></U></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2015</FONT></U></B></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Audit Fees</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>462</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>487</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Audit-Related Fees</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Tax Fees</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>8</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>All Other Fees</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2</FONT></U></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>11</FONT></U></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Total Fees</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>464</FONT></U></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><U><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>506</FONT></U></P></TD></TR></TABLE>&nbsp;</DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>&#8220;Audit fees&#8221; in the above table are the aggregate fees billed by PricewaterhouseCoopers in connection with the review and audit of our semi-annual and annual consolidated financial statements, as well as the review of other fillings. &#8220;All Other Fees&#8221; are fees billed by PricewaterhouseCoopers associated to expenses related to Due Diligence during 2015. </FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Audit Committee Pre-Approval Policies and Procedures</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Since July 2005, our audit committee pre-approves all audit and non-audit services provided by our independent auditor pursuant to Sarbanes-Oxley Act of 2002. </FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671498"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 16D: Exemptions from the Listing Standards for Audit Committees</FONT></B></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Not applicable.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671499"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 16E: Purchases of Equity Securities by the Issuer and Affiliated Purchasers</FONT></B></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Not applicable.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671500"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 16F: Change in Registrant&#8217;s Certifying Accountants</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=helv,sans-serif>i) Pursuant to the Chilean Corporations Act the Company is obliged to elect on an annual basis its principal accountant. The election takes place at the annual shareholders&#180; meeting. The audit committee and the directors committee independently submitted to the board of directors their proposal for the election of the principal accountant for fiscal year 2016. The board of directors&#180; at its meeting held on January 5, 2016 agreed to propose to the annual shareholders&#180; meeting of April 13, 2016 two candidates: KPMG Auditores Consultores Ltda (&#8220;KPMG&#8221;) was proposed in first place, and Pricewaterhouse Coopers Consultores Auditores y Compa&#241;&#237;a Limitada (&#8220;PwC Chile&#8221;), in second place. At the referred annual shareholders&#180; meeting held April 13, 2016, KPMG was elected as principal accountant for the fiscal year 2016. As a consequence, PwC Chile was dismissed as our independent registered public accounting firm on April 13, 2016. Such dismissal becomes effective upon completion by PwC Chile of its procedures on the filing of Form 20-F for the year ended December 31, 2015. PwC Chile served as the company&#180;s independent registered public accounting firm for the fiscal years 2015 and 2014.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=helv,sans-serif>(ii) The reports of PwC Chile on the financial statements for the fiscal years ended December 31, 2015 and 2014 contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principle. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=helv,sans-serif>(iii) During the fiscal years ended December 31, 2015 and 2014 and the subsequent interim period through April 13, 2016, there have been no disagreements with PwC Chile on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements if not resolved to the satisfaction of PwC Chile would have caused them to make reference thereto in their reports on the financial statements for such years. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=helv,sans-serif>(iv) During the fiscal years ended December 31, 2015 and 2014 and the subsequent interim period through April 13, 2016, there have been no reportable events (as defined in Item&nbsp;16F(a)(1)(v) of Form 20-F).</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=helv,sans-serif>(v) The Registrant has requested that PwC Chile furnish it with a letter addressed to the SEC stating whether or not it agrees with the above statements. A copy of such letter, dated April 26, 2016, is filed as Exhibit 15.2 to this Form 20-F. </FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=helv,sans-serif>During the fiscal years ended December 31, 2015 and 2014 and the subsequent interim period through April 13, 2016,&nbsp; the registrant has not consulted with KPMG regarding any matters described in Item&nbsp;16F(a)(2)(i) and Item&nbsp;16F(a)(2)(ii) of Form 20-F. </FONT></P></DIV>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671501"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 16G: Corporate Governance</FONT></B></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>General summary of significant differences with regard to corporate government standards</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The following paragraphs provide a brief, general summary of significant differences between corporate government practices followed by us pursuant to our home-country rules and those applicable to U.S. domestic issuers under NYSE listing standards.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Composition of the board of directors; independence</FONT></U></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>.</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> The NYSE listing standards provide that listed companies must have a majority of independent directors and that certain board committees must consist solely of independent directors. Under NYSE rule 303A.02, a director qualifies as independent only if the board affirmatively determines that such director has no material relationship with the company, either directly or indirectly. In addition, the NYSE listing standards enumerate a number of relationships that preclude independence.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Under the Chilean Corporations Act an open-stock corporation must have at least one independent director (out of a minimum of seven directors) when its market capitalization reaches or exceeds 1.5 million Unidades de Fomento (as of March 31, 2016 approximately CLP 38,718 million) and at least 12.5% of its outstanding shares with voting rights are in the possession of shareholders that individually control or possess less than 10% of such shares. In addition, the Chilean Corporations Act enumerates a number of relationships that preclude independence. Chilean law also establishes a number of principles of general applicability designed to avoid conflicts of interests and to establish standards for related party transactions. Specifically, directors elected by a group or class of shareholders have the same duties to the company and to the other shareholders as the rest of the directors, and all transactions with the company in which a director has an interest must be in the interest of and for the benefit of the company, relative in price, terms and conditions to those prevailing in the market at the time of its approval and comply with the requirements and procedures set forth in Chapter XVI of the Chilean Corporations Act. See &#8220;Item 7: Major Shareholders and Related Party Transactions.&#8221;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Furthermore, such transactions must be reviewed by the directors&#8217; committee (as defined below); they require prior approval by the board of directors and must be disclosed at the next meeting of shareholders, unless such transactions fall within one the exemptions contemplated by the Chilean Corporations Act and, if applicable, included in the usual practice policy approved by the board of directors. See &#8220;Item 7: Major Shareholders and Related Party Transactions.&#8221; Pursuant to NYSE rule 303A.00, we may follow Chilean practices and are not required to have a majority of independent directors.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Committees</FONT></U></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>. </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The NYSE listing standards require that listed companies have a Nominating/Corporate Governance Committee, a Compensation Committee and an Audit Committee. Each of these committees must consist solely of independent directors and must have a written charter that addresses certain matters specified by the listing standards.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Under Chilean law, the only board committee that is required is the directors&#8217; committee (</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>comit&#233; de directores</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>), composed of three members, such committee having a direct responsibility to (a) review the company&#8217;s financial statements and the independent auditors&#8217; report and issue an opinion on such financial statements and report prior to their submission for shareholders&#8217; approval, (b) make recommendations to the board of directors with respect to the appointment of independent auditors and risk rating agencies, (c) review related party transactions, and issue a report on such transactions, (d) review the managers, principal executive officers&#8217; and employees&#8217; compensation policies and plans and (e) to prepare an annual report of the performance of its duties, including the principal recommendations to shareholders; (f) advise the board of directors as to the suitability of retaining non-audit services from its external auditors, if the nature of such services could impair their independence; and (g) perform other duties as defined by the company&#8217;s bylaws, by a shareholders&#8217; meeting or by the board. Requirements to be deemed an independent director are set forth in &#8220;Item 6: Directors, Senior Management and Employees </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>&#8211; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Board Practices </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>&#8211;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> Directors Committee.&#8221;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Pursuant to NYSE Rule 303A.06, we must have an audit committee that satisfies the requirements of Rule 10A-3 under the Exchange Act by July 31, 2005. At the board of directors&#180; meeting of April 10, 2013, following the election of a new board at the shareholders&#180; meeting, the board of directors appointed the following directors to our audit committee: Vittorio Corbo and Philippe Pasquet. Mr. Pasquet and Mr. Corbo meet the independence criteria under the Exchange Act and under the NYSE Rules. The board of directors also resolved that directors Messrs. Jorge Luis Ramos and Francisco P&#233;rez shall participate in our audit committee&#180;s meetings as observers.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Due to the resignation of Mr. Philippe Pasquet of his position as director of the Company, effective as of June 30, 2015, at the board of directors&#180; meeting held on June 7, 2015, Mr. Jorge Luis Ramos Santos was appointed as a member of the audit committee, to replace Mr. Pasquet. Additionally, at the board of directors&#180; meeting held on July 7, 2015, director Mr. Carlos Molina was appointed to the audit committee on an observer status. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>Finally, </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>at the board of directors&#180; meeting held on April 13, 2016, following the election of a new board at the shareholders&#180; meeting, the board of directors appointed directors Messrs. Vittorio Corbo and Carlos Molina to our audit committee. Mr. Corbo and Mr. Molina meet the independence criteria under the Exchange Act and under the NYSE Rules. The board of directors also resolved that directors Messrs. Jos&#233; Miguel Barros and Francisco P&#233;rez shall participate in the audit committee&#180;s meetings as observers.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Shareholder approval of equity-compensation plans</FONT></U></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>.</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> Under NYSE listing standards, shareholders must be given the opportunity to vote on all equity-compensation plans and material revisions thereto, with limited exemptions. An &#8220;equity-compensation plan&#8221; is a plan or other arrangement that provides for the delivery of equity securities of the listed company to any employee, director or other </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>service provider as compensation for services.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Under Chilean law, if previously approved by shareholders at an extraordinary shareholders&#8217; meeting, up to ten percent of a capital increase in a publicly traded company may be set aside to fund equity-compensation plans for the company&#8217;s employees and/or for the employees of the company&#8217;s subsidiaries. Pursuant to NYSE rule 303A.00, as a foreign private issuer, we may follow Chilean practices and are not required to comply with the NYSE listing standards with respect to shareholder approval of equity-compensation plans.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Corporate Governance Guidelines</FONT></U></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>. </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The NYSE listing standards provide that listed companies must adopt and disclose corporate governance guidelines with regard to (a) director qualifications standards; (b) director responsibilities; (c) director access to management and independent advisors; (d) director compensation; (e) director orientation and continuing education; (f) management succession; and (g) annual performance evaluations of the board.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Chilean law does not require that such corporate governance guidelines be adopted. Director responsibilities and access to management and independent advisors are directly provided for by applicable law. Director compensation is determined by the annual meeting of shareholders pursuant to applicable law. As a foreign private issuer, we may follow Chilean practices and are not required to adopt corporate governance guidelines. Pursuant to SVS rules, the company is only required to disclose whether or not it has adopted corporate governance guidelines regarding, among others, the matters referred to above.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Code of Business Conduct</FONT></U></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>. </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The NYSE listing standards require that listed companies adopt and disclose a code of business conduct and ethics for directors, officers and employees, and promptly disclose any waivers of the code for directors or executive officers.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70.5pt; TEXT-INDENT: -70.5pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>We have adopted a code of business conduct that applies generally to all of our executive officers and employees. A copy of the code of business conduct, as amended, is available on our website at </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>www.ccu.cl</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> or </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>www.ccuinvestor.com</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>. The information on our website is not incorporated by reference into this document.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>We have also adopted a code of conduct that applies to all members of our board of directors.&nbsp;A copy of this code is available on our website at </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=arial,sans-serif>www.ccu.cl</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> or </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=arial,sans-serif>www.ccuinvestor.com</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>.&nbsp;The information on our website is not incorporated by reference into this document.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>Manual of Information of Interest to the Market</FONT></U></I><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>. In 2008, the SVS promulgated new rules which require public companies to adopt a manual regarding disclosure of information of interest to the market, board members and executives shares transactions and blackout periods for such transactions. This manual applies to our directors, the directors of our subsidiaries, our executive officers, some of our employees which may be in possession of confidential, reserved or privileged information of interest, and to our advisors. The manual took effect on June 1, 2008. </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>A copy of the </FONT><FONT lang=EN-GB style="FONT-SIZE: 10pt" face=arial,sans-serif>manual regarding disclosure of information of interest to the market,</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> as amended on March 18, 2010, is available in our website at </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>www.ccu.cl</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif> or </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>www.ccuinvestor.com</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>. The information on our website is not incorporated by reference into this document.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-GB style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Executive Sessions</FONT></U></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>. To empower non-management directors to serve as a more effective check on management, NYSE listing standards provide that non-management directors of each company must meet at regularly scheduled executive sessions without management.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70.5pt; TEXT-INDENT: -70.5pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Under Chilean law, the office of director is not legally compatible with that of general manager in publicly traded companies. The board of directors exercises its functions as a collective body and may partially delegate its powers to executive officers, attorneys, a director or a board commission of the company, and for specific purposes to other persons. As a foreign private issuer, we may follow Chilean practices and are not required to comply with the NYSE listing standard for executive sessions.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face=arial,sans-serif></FONT>&nbsp;</P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Certification Requirements</FONT></U></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>. Under NYSE listing standards, Section 303A.12(a) provides that each listed company CEO must certify to the NYSE each year that he or she is not aware of any violation by the company of NYSE corporate governance listing standards, and Section 303A.12(b) provides that each listed company CEO must promptly notify the NYSE in writing after any executive officer of the listed company becomes aware of any material non-compliance with any applicable provisions of Section 303A.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>As a foreign private issuer, we must comply with Section 303A.12(b) of the NYSE listing standards, but we are not required to comply with 303A.12(a).</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671502"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 16H: Mine Safety Disclosure</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Not applicable.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671503"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>PART III</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671504"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 17: Financial Statements</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The Company has responded to Item 18 in lieu of responding to this item.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671505"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 18: Financial Statements</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>See Annex for the Financial Statements.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><A name="_Toc417671506"></A><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 19: Exhibits</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt" face=Arial,sans-serif>Index to Exhibits</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt 35.7pt; TEXT-INDENT: -35.7pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1.1</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Unofficial English translation of the By-laws of the Company (incorporated by reference to Exhibit 3.1 of the Company&#8217;s registration statement on Form F-3 (File No. 333-190641) filed on August 8, 2013).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>8.1</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. significant subsidiaries (incorporated by reference to Exhibit 8.1 of Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. Annual Report on Form 20-F for the year ended December 31, 2003, filed on June 24, 2004).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>12.1</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>
<A href="exhibit12_1.htm">Certification of Chief Executive Officer of Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.</A> <A name="selend"></A></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>12.2</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>
<A href="exhibit12_2.htm">Certification of Chief Financial Officer of Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.</A></FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 35.45pt; TEXT-INDENT: -35.45pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt; TEXT-INDENT: -35.45pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>13.1</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>
<A href="exhibit13_1.htm">Certification of Chief Executive Officer of Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.</A></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt; TEXT-INDENT: -35.45pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>13.2</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>
<A href="exhibit13_2.htm">Certification of Chief Financial Officer of Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.</A> </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>15.1&nbsp;&nbsp;&nbsp;
<A href="exhibit15_1.htm">Consent of PricewaterhouseCoopers.</A> </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>15.2&nbsp;&nbsp;&nbsp;&nbsp;
<A href="exhibit15_2.htm">Letter of PricewaterhouseCoopers regarding disclosure in Item 16.F. Change in Registrant&#180;s Certifying Accountant</A></FONT></P><A name="selend"></A></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>SIGNATURES </FONT></B></P>

<P style="MARGIN: 9pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>The Registrant certifies that it meets all of the requirements for filing on Form 20-F and that it has duly caused and authorized the undersigned to sign this annual report on its behalf. </FONT></P>

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   <TD width="55%"><B><FONT lang=ES-CL style="FONT-SIZE: 12pt" face=arial,sans-serif>Compa&#241;&#237;a Cervecer&#237;as Unidas S.A.</FONT></B></TD>

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   <TD width="55%"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif><U>By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Patricio Jottar&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>

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   <P style="MARGIN-LEFT: 27pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif>Name: Patricio Jottar</FONT></P></TD>

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   <P style="MARGIN-LEFT: 27pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif>Title: Chief Executive Officer</FONT></P></TD>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Date: April 29, 2016</FONT></P>

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<H1 style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" color=windowtext face="times new roman">CCU - Management&#8217;s Report on Internal Controls over Financial Reporting</FONT></B></H1>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Our management, including our Chief Executive Officer and Chief Financial Officer, are responsible for establishing and maintaining adequate internal controls over financial reporting and has assessed the effectiveness of the Company&#8217;s internal control over financial reporting as of December 31, 2015 based on the criteria established in &#8220;Internal Control &#8211; Integrated Framework (2013)&#8221; issued by the Committee of Sponsoring Organizations of the Treadway Commission (&#8220;COSO&#8221;) and, based on such criteria, our management has concluded that, as of December 31, 2015, our internal control over financial reporting is effective.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Our internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with IFRS. Our internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of&nbsp;records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of our assets; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with IFRS, and that our receipts and expenditures are being made only in accordance with authorizations of our management and directors; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of the effectiveness of internal control to future periods are subject to the risk that controls may become inadequate because of changes in conditions, and that the degree of compliance with the policies or procedures may deteriorate. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">The effectiveness of our internal control over financial reporting as of December 31, 2015 has been audited by PwC Chile, an independent registered public accounting firm, as stated in their report which appears herein.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">There has been no change in our internal control over financial reporting during 2015 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman">/s/__________________</FONT></U></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Chief Executive Officer</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">/s/&nbsp; _________________</FONT></U></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Financial Officer</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Dated:&nbsp; February 29, 2016</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">Distribution:</FONT></U></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">Investor Relation Manager</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">PwC Chile </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">Chief Financial Officer </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">Legal Affairs Manager</FONT><FONT style="DISPLAY: none" color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=black face=arial,sans-serif>_</FONT></FONT></P>

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   <TD width="100%" colSpan=3 align=center><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">INDEX</FONT></B></FONT></TD></TR>

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   <TD width="100%" colSpan=3><FONT><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">&nbsp;</FONT></FONT></TD></TR>

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   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">CONSOLIDATED STATEMENT OF FINANCIAL POSITION</FONT></B></FONT></P></TD>

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   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">4</FONT></B></FONT></P></TD></TR>

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   <TD style="TEXT-INDENT: 0pt" width="81%" colSpan=2 align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">CONSOLIDATED STATEMENT OF FINANCIAL POSITION</FONT></B></FONT></P></TD>

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   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">5</FONT></B></FONT></P></TD></TR>

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   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">CONSOLIDATED STATEMENT OF INCOME</FONT></B></FONT></P></TD>

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   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">6</FONT></B></FONT></P></TD></TR>

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   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME</FONT></B></FONT></P></TD>

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   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">7</FONT></B></FONT></P></TD></TR>

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   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">CONSOLIDATED STATEMENT OF CHANGES IN EQUITY</FONT></B></FONT></P></TD>

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   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">8</FONT></B></FONT></P></TD></TR>

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   <TD style="TEXT-INDENT: 0pt" width="81%" colSpan=2 align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">CONSOLIDATED STATEMENT OF CASH FLOW</FONT></B></FONT></P></TD>

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   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">9</FONT></B></FONT></P></TD></TR>

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   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 1 GENERAL INFORMATION</FONT></B></FONT></P></TD>

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   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">10</FONT></B></FONT></P></TD></TR>

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   <TD style="TEXT-INDENT: 0pt" width="81%" colSpan=2 align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</FONT></B></FONT></P></TD>

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   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">15</FONT></B></FONT></P></TD></TR>

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   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.1</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Basis of preparation</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">15</FONT></I></FONT></TD></TR>

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   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.2</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Basis of consolidation</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">16</FONT></I></FONT></TD></TR>

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   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.3</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Financial information as per operating segments</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">17</FONT></I></FONT></TD></TR>

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   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.4</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Foreign currency and unidad de fomento (Adjustment unit)</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">17</FONT></I></FONT></TD></TR>

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   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.5</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Cash and cash equivalents</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">18</FONT></I></FONT></TD></TR>

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   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.6</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Other finantial assets</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">18</FONT></I></FONT></TD></TR>

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   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.7</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Financial instruments</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">19</FONT></I></FONT></TD></TR>

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   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.8</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Financial asset impairment</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">21</FONT></I></FONT></TD></TR>

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   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.9</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Inventories</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">21</FONT></I></FONT></TD></TR>

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   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.10</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Biological current assets</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">21</FONT></I></FONT></TD></TR>

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   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.11</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Other non-financial assets</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">21</FONT></I></FONT></TD></TR>

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   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.12</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Property, plant and equipment</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">21</FONT></I></FONT></TD></TR>

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   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.13</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Leases</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">22</FONT></I></FONT></TD></TR>

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   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.14</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Investment property</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">23</FONT></I></FONT></TD></TR>

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   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.15</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Intangible assets other than goodwill</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">23</FONT></I></FONT></TD></TR>

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   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.16</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Goodwill</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">23</FONT></I></FONT></TD></TR>

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   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.17</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Impairment of non-financial assets other than goodwill</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">24</FONT></I></FONT></TD></TR>

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   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.18</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Assets of a disposal group held for sale</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">24</FONT></I></FONT></TD></TR>

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   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.19</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Income taxes</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">24</FONT></I></FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.20</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Employees benefits</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">25</FONT></I></FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.21</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Provisions</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">25</FONT></I></FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.22</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Revenue recognition</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">25</FONT></I></FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.23</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Commercial agreements with distributors and supermarket chains</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">26</FONT></I></FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.24</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Cost of sales of products</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">26</FONT></I></FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.25</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Other expenses by function</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">26</FONT></I></FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.26</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Distribution expenses</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">26</FONT></I></FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.27</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Administration expenses</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">27</FONT></I></FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.28</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Environment liabilities</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">27</FONT></I></FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.559pt" width="9%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">2.29</FONT></I></FONT></TD>

   <TD width="72%" align=left><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">Reclassification to the Consolidated Financial Statements of previous years</FONT></I></FONT></TD>

   <TD width="19%" align=right><FONT><I><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">27</FONT></I></FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="81%" colSpan=2 align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 3 ESTIMATES AND APPLICATION OF PROFESSIONAL JUDGMENT</FONT></B></FONT></P></TD>

   <TD width="19%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">29</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="81%" colSpan=2 align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 4 ACCOUNTING CHANGES</FONT></B></FONT></P></TD>

   <TD width="19%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">29</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="81%" colSpan=2 align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 5 RISK ADMINISTRATION</FONT></B></FONT></P></TD>

   <TD width="19%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">30</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="81%" colSpan=2 align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 6 FINANCIAL INSTRUMENTS</FONT></B></FONT></P></TD>

   <TD width="19%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">36</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="81%" colSpan=2 align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 7 FINANCIAL INFORMATION AS PER OPERATING SEGMENTS</FONT></B></FONT></P></TD>

   <TD width="19%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">42</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="81%" colSpan=2 align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 8 BUSINESS COMBINATIONS</FONT></B></FONT></P></TD>

   <TD width="19%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">49</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="81%" colSpan=2 align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 9 NET SALES</FONT></B></FONT></P></TD>

   <TD width="19%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">49</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="81%" colSpan=2 align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 10 NATURE OF COST AND EXPENSE</FONT></B></FONT></P></TD>

   <TD width="19%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">50</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="81%" colSpan=2 align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 11 FINANCIAL RESULTS</FONT></B></FONT></P></TD>

   <TD width="19%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">50</FONT></B></FONT></P></TD></TR></TABLE></DIV>

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<TR>

   <TD width="90%">&nbsp;</TD>

   <TD width="10%">&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 12 OTHER INCOME BY FUNCTION</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">50</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 13 OTHER GAINS (LOSSES)</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">51</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 14 CASH AND CASH EQUIVALENTS</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">51</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 15 ACCOUNTS RECEIVABLES &#8211; TRADE AND OTHER RECEIVABLES</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">52</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 16 ACCOUNTS AND TRANSACTIONS WITH RELATED COMPANIES</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">55</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 17 INVENTORIES</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">60</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 18 BIOLOGICAL CURRENT ASSETS</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">61</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 19 OTHER NON-FINANCIAL ASSETS</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">62</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 20 INVESTMENTS ACCOUNTED FOR BY THE EQUITY METHOD</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">62</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 21 INTANGIBLE ASSETS OTHER TAN GOODWILL</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">65</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 22 GOODWILL</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">67</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 23 PROPERTY, PLANT AND EQUIPMENT</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">69</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 24 INVESTMENT PROPERTY</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">71</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 25 ASSETS OF DISPOSAL GROUP HELD FOR SALE</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">72</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 26 INCOME TAXES</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">73</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 27 OTHER FINANCIAL LIABILITIES</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">76</FONT></B></FONT></P></TD></TR>

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   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 28 ACCOUNTS PAYABLE &#8211; TRADE AND OTHER PAYABLES</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">91</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 29 PROVISIONS</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">91</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 30 OTHER NON-FINANCIAL LIABILITIES</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">92</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 31 EMPLOYEE BENEFITS</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">92</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 32 NON-CONTROLLING INTERESTS</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">95</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 33 COMMON SHAREHOLDERS&#8217; EQUITY</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">96</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 34 EFFECTS OF CHANGES IN CURRENCY EXCHANGE RATE</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">100</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 35 CONTINGENCIES AND COMMITMENTS</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">104</FONT></B></FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 36 ENVIRONMENT</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">107</FONT></B></FONT></P></TD></TR>

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   <TD width="90%" align=left>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">NOTE 37 SUBSEQUENT EVENTS</FONT></B></FONT></P></TD>

   <TD width="10%" align=right>

   <P style="MARGIN-BOTTOM: 4pt; MARGIN-TOP: 4pt"><FONT><B><FONT style="FONT-SIZE: 10pt" color=#003300 face="times new roman">109</FONT></B></FONT></P></TD></TR></TABLE></DIV></DIV>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=#003300><FONT color=#003300 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt; FONT-WEIGHT: normal; LETTER-SPACING: 0.25pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=#003300><FONT color=#003300 face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt; FONT-WEIGHT: normal; LETTER-SPACING: 0.25pt">Consolidated Statement of Financial Position (Assets)</FONT></FONT></FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=#003300><FONT color=#003300 face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt; FONT-WEIGHT: normal; LETTER-SPACING: 0.25pt">(Figures expressed in thousands of Chilean pesos)</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 26.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">

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<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%" align=center>
<FONT style="LINE-HEIGHT: 150%"><FONT color=#003300 face="Times New Roman"><B><FONT lang=ES-CL style="FONT-SIZE: 12pt; TEXT-DECORATION: none">&nbsp;</FONT></B></FONT></FONT><FONT style="LINE-HEIGHT: 150%"><FONT color=#003300 face="Times New Roman"><B><FONT lang=EN-GB style="FONT-SIZE: 12pt; TEXT-DECORATION: none">CONSOLIDATED STATEMENT OF FINANCIAL POSITION</FONT></B></FONT></FONT></H1>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ASSETS</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 43.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Notes</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 43.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 43.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014 (Restated) </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(*)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 43.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of January 1, 2014 (Restated) </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(*)</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

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   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current assets</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cash and cash equivalent</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">14</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">192,554,239</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">214,774,876</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">408,853,267</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other financial assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,644,105</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,483,652</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,468,846</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other non-financial assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,654,373</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">18,558,445</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,495,398</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Accounts receivable-trade and other receivables</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">15</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">252,225,937</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">238,602,893</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">211,504,047</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Accounts receivable from related companies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">16</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,788,930</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,619,118</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,610,305</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Inventories</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">174,227,415</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">167,545,598</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">146,955,193</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Biological current assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">18</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,633,340</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,633,591</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,130,652</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Taxes receivables</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">26</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">15,264,220</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,413,414</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,139,406</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Total current assets different from assets of disposal group held for sale</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">677,992,559</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">684,631,587</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">818,157,114</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Assets of disposal group held for sale</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">25</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,319,316</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">758,760</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">339,901</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Total assets of disposal group held for sale</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,319,316</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">758,760</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">339,901</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total current assets</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">684,311,875</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">685,390,347</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">818,497,015</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Non-current assets</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other financial assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">80,217</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">343,184</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">38,899</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other non-financial assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">27,067,454</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,828,897</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">15,281,111</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Accounts receivable from related companies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">16</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">445,938</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">522,953</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">350,173</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Investments accounted by equity method</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">20</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">49,995,263</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">31,998,620</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,563,028</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Intangible assets other than goodwill</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">64,120,426</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">68,656,895</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">64,033,931</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Goodwill</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">22</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">83,300,573</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">86,779,903</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">81,872,847</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Property, plant and equipment (net)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">23</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">872,667,210</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">851,255,642</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">698,656,429</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Investment property</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">24</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,838,002</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,917,613</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,901,461</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Deferred tax assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">26</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">34,529,593</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">30,207,019</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">24,525,361</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total non-current assets</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,139,044,676</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,083,510,726</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">909,223,240</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="61%" colSpan=2>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total Assets</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,823,356,551</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,768,901,073</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,727,720,255</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT face=arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 7pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: normal">(*) </FONT></FONT><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 7pt">See </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt">Note 2,29 and 4</FONT></I></B></FONT><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 7pt">.</FONT></FONT></P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B></B>&nbsp;</H1>

<DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center><FONT face=arial,sans-serif><FONT face=arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">F-</FONT></FONT></FONT><FONT face=arial,sans-serif><FONT face=arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">4</FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P><FONT><FONT lang=PT-BR><BR clear=all></FONT></FONT>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The accompanying notes 1 to 37 are an integral part of these consolidated financial statements.</FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_142"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 26.15pt">

   <TD style="HEIGHT: 26.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="64%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=#003300><FONT color=#003300 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt; FONT-WEIGHT: normal; LETTER-SPACING: 0.25pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=#003300><FONT color=#003300 face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt; FONT-WEIGHT: normal; LETTER-SPACING: 0.25pt">Consolidated Statement of Financial Position (Liabilities and Equity)</FONT></FONT></FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=#003300><FONT color=#003300 face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt; FONT-WEIGHT: normal; LETTER-SPACING: 0.25pt">(Figures expressed in thousands of Chilean pesos)</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 26.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214301500.gif">&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>
<FONT color=#003300 face="Times New Roman"><B><FONT lang=ES-CL style="FONT-SIZE: 12pt; TEXT-DECORATION: none">&nbsp;</FONT></B></FONT><FONT color=#003300 face="Times New Roman"><B><FONT lang=EN-GB style="FONT-SIZE: 12pt; TEXT-DECORATION: none">CONSOLIDATED STATEMENT OF FINANCIAL POSITION</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 36pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 36pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">LIABILITIES AND EQUITY</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 36pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Notes</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 36pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 36pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014 (Restated) </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(*)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 36pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of January 1, 2014 (Restated) </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(*)</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">LIABILITIES </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current liabilities</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other financial liabilities</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">27</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">43,973,991</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">65,318,293</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">120,488,188</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Accounts payable-trade and other payables</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">28</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">227,736,803</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">203,782,805</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">183,508,115</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Accounts payable- to related companies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">16</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,624,218</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,282,312</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,286,064</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other short-term provisions</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">29</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">503,440</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">410,259</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">833,358</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Tax liabilities</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">26</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,198,024</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,697,135</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,916,865</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Employee benefits provisions</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">31</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,712,059</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,943,771</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">20,217,733</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other non-financial liabilities</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">30</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">70,942,144</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">68,896,763</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">65,878,578</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total current liabilities</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">388,690,679</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">378,331,338</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">409,128,901</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Non-current liabilities</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other financial liabilities</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">27</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">136,926,545</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">134,534,557</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">142,763,030</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others accounts payable</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">28</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,645,098</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">369,506</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">841,870</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Accounts payable to related companies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">16</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">377,020</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other long-term provisions</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">29</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,476,518</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,209,832</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,135,122</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Deferred tax liabilities</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">26</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">88,146,963</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">87,518,700</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">73,033,414</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Employee benefits provisions</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">31</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">18,948,603</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,437,222</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">15,196,620</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total non-current liabilities</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">247,143,727</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">242,069,817</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">234,347,076</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total liabilities</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">635,834,406</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">620,401,155</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">643,475,977</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">&nbsp;</TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="87%" colSpan=4>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">EQUITY</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Equity attributable to equity holders of the parent</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">33</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Paid-in capital</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">562,693,346</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">562,693,346</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">562,693,346</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other reserves</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(103,226,416)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(75,050,544)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(65,881,809)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Retained earnings</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">598,349,442</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">537,945,375</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">491,864,319</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Subtotal equity attributable to equity holders of the parent</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,057,816,372</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,025,588,177</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">988,675,856</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Non-controlling interests</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">32</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">129,705,773</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">122,911,741</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">95,568,422</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="61%" colSpan=2>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total Shareholders' Equity</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,187,522,145</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,148,499,918</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,084,244,278</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="61%" colSpan=2>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Total Liabilities and Shareholders' Equity</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,823,356,551</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,768,901,073</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,727,720,255</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 7pt">(*) </FONT></FONT><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 7pt">See</FONT></FONT><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt"> </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt">Note 2,29 and 4</FONT></I></B></FONT><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">.</FONT></FONT></P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 3.9pt 0pt 0cm" align=center><B></B>&nbsp;</H1>

<DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center><FONT face=arial,sans-serif><FONT face=arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">F-</FONT></FONT></FONT><FONT face=arial,sans-serif><FONT face=arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">5</FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P><FONT><FONT lang=PT-BR><BR clear=all></FONT></FONT>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The accompanying notes 1 to 37 are an integral part of these consolidated financial statements.</FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_143"></A>

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<TR style="HEIGHT: 26.15pt">

   <TD style="HEIGHT: 26.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="64%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=#003300><FONT color=#003300 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt; FONT-WEIGHT: normal; LETTER-SPACING: 0.25pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=#003300><FONT color=#003300 face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt; FONT-WEIGHT: normal; LETTER-SPACING: 0.25pt">Consolidated Statement of Income</FONT></FONT></FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=#003300><FONT color=#003300 face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt; FONT-WEIGHT: normal; LETTER-SPACING: 0.25pt">(Figures expressed in thousands of Chilean pesos)</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 26.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214301500.gif">&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 3.9pt 0pt 0cm" align=center><FONT color=#003300 face=arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 12pt">CONSOLIDATED STATEMENT OF INCOME</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 36pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 36pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="50%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">CONSOLIDATED STATEMENT OF INCOME</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 36pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=3 width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Notes</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 36pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="40%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,498,371,715</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,297,966,299</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,197,226,510</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cost of sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(685,075,251)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(604,536,815)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(536,696,634)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Gross margin</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">813,296,464</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">693,429,484</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">660,529,876</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other income by function</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,577,244</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">25,463,716</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,508,863</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Distribution costs</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(277,599,722)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(240,848,630)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(221,701,175)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Administrative expenses</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(128,135,799)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(110,014,716)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(93,289,698)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other expenses by function</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(209,201,189)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(188,109,562)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(162,782,032)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other gains (losses)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,512,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,036,939</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">958,802</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Income from operational activities</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">213,448,998</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">183,957,231</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">189,224,636</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Financial Income</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,845,743</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,136,591</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,254,170</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Financial costs</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(23,101,329)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(22,957,482)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(24,084,226)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Equity and income of joint ventures and associated</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">20</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(5,228,135)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(898,607)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">308,762</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Foreign currency exchange differences</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">957,565</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(613,181)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(4,292,119)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Result as per adjustment units</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(3,282,736)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(4,159,131)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,801,765)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Income before taxes</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">190,640,106</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">167,465,421</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">167,609,458</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Income taxes</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">26</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(50,114,516)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(46,673,500)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(34,704,907)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Net income of year</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">140,525,590</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">120,791,921</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">132,904,551</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Net income attibutable to:</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Equity holders of the parent</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">120,808,135</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">106,238,450</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">123,036,008</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Non-controlling interests</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">32</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,717,455</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">14,553,471</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,868,543</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Net income of year</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">140,525,590</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">120,791,921</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">132,904,551</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Net income per share (Chilean pesos) from:</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Continuing operations</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">326.95</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">287.52</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">370.81</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Diluted earnings per share (Chilean pesos) from:</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Continuing operations</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">326.95</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">287.52</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">355.57</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 3.9pt 0pt 0cm" align=center><B></B>&nbsp;</H1>

<DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center><FONT face=arial,sans-serif><FONT face=arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">F-</FONT></FONT></FONT><FONT face=arial,sans-serif><FONT face=arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">6</FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P><FONT><FONT lang=PT-BR><BR clear=all></FONT></FONT>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The accompanying notes 1 to 37 are an integral part of these consolidated financial statements.</FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_144"></A>

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<TR style="HEIGHT: 26.15pt">

   <TD style="HEIGHT: 26.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="64%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=#003300><FONT color=#003300 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt; FONT-WEIGHT: normal; LETTER-SPACING: 0.25pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=#003300><FONT color=#003300 face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt; FONT-WEIGHT: normal; LETTER-SPACING: 0.25pt">Consolidated Statement of Comprehensive Income</FONT></FONT></FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=#003300><FONT color=#003300 face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt; FONT-WEIGHT: normal; LETTER-SPACING: 0.25pt">(Figures expressed in thousands of Chilean pesos)</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 26.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214301500.gif">&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 3.9pt 0pt 0cm" align=center><FONT color=#003300 face=arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 12pt">CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 36pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 36pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="50%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 36pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=3 width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Notes</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 36pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="40%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Net income of year</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">140,525,590</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">120,791,921</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">132,904,551</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Other income and expenses charged or credited againts equity</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cash flow hedges (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">33</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">80,693</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(155,258)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">256,592</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Exchange differences of foreign subsidiaries (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">33</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(29,678,944)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(4,629,683)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(17,054,187)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Gains (losses) from defined plans </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">33</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(939,433)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,884,054)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(469,987)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Income tax related with cash flow hedge (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">33</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(17,563)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">39,470</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(51,304)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Income tax relating to defined benefit plans </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">33</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">314,541</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">501,689</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">105,151</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Total other comprehensive income and expense</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(30,240,706)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(6,127,836)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(17,213,735)</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Comprehensive income and expense</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">110,284,884 </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">114,664,085 </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">115,690,816 </FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Comprehensive income originated by:</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Equity holders of the parent (2)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">92,606,720 </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">97,067,296 </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">107,443,199 </FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Non-controlling interests</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,678,164</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,596,789</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,247,617</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Comprehensive income and expense</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">110,284,884 </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">114,664,085 </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">115,690,816 </FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -18pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">(1)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">These items will be reclassified to Consolidated Statement of Income when they are settled.</FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -18pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">(2)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">Corresponds to the income for the year where no income or expenses have been recorded directly against shareholder&#180;s equity.</FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt 21.3pt" align=left>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt 35.45pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">.</FONT></FONT></P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B></B>&nbsp;</H1>

<DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center><FONT face=arial,sans-serif><FONT face=arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">F-</FONT></FONT></FONT><FONT face=arial,sans-serif><FONT face=arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">7</FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P><FONT><FONT lang=PT-BR><BR clear=all></FONT></FONT>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The accompanying notes 1 to 37 are an integral part of these consolidated financial statements.</FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_145"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 22.75pt">

   <TD style="HEIGHT: 22.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="64%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=#003300><FONT color=#003300 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt; FONT-WEIGHT: normal; LETTER-SPACING: 0.25pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=#003300><FONT color=#003300 face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt; FONT-WEIGHT: normal; LETTER-SPACING: 0.25pt">Consolidated Statement of Changes in Equity</FONT></FONT></FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=#003300><FONT color=#003300 face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt; FONT-WEIGHT: normal; LETTER-SPACING: 0.25pt">(Figures expressed in thousands of Chilean pesos)</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 22.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214301500.gif">&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=#003300 face=arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 12pt">CONSOLIDATED STATEMENT OF CHANGES IN EQUITY</FONT></B></FONT></H1>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

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<TR style="HEIGHT: 9.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 6pt">STATEMENT OF CHANGES IN EQUITY</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Paid in capital</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Other reserves</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Retained earnings</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 6pt">Equity attributable to equity holders of the parent</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Non-controlling interests</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Total Shareholders' Equity</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 45.75pt">

   <TD style="HEIGHT: 45.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Common Stock</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 45.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Shares premium</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 45.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Currency translation difference</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 45.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Hedge reserves </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 45.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 6pt">Actuarial gains and losses on defined benefit plans reserves </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 45.75pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Other reserves</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9.75pt">

   <TD style="HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Balanced as of January 1, 2013</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">215,540,419</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">15,479,173</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(44,675,962)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(98,990)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(3,371,276)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">430,346,315</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">613,219,679</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">97,298,607</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">710,518,286</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Changes</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Interim dividends (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(23,278,681)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(23,278,681)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(23,278,681)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 5pt">Interim dividends according to policy (2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(38,239,323)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(38,239,323)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(38,239,323)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 5pt">Other increase (decrease) in Equity (5)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(4,961,354)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(4,961,354)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Effects business combination</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">3,138,195</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">3,138,195</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 5pt">Other increase (decrease) in Equity (4)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">15,479,173</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(15,479,173)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 5pt">Increase (decrease) through changes in ownership interests in subsidaries that do not result in loss of control (3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">2,867,444</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">2,867,444</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(8,154,643)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(5,287,199)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Issuance Equity (4)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">331,673,754</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(5,010,216)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">326,663,538</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">326,663,538</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Comprehensive income and expense</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(15,408,235)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">164,099</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(348,673)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">123,036,008</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">107,443,199</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">8,247,617</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">115,690,816</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Total changes in equity</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">347,152,927</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(15,479,173)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(15,408,235)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">164,099</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(348,673)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(2,142,772)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">61,518,004</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">375,456,177</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,730,185)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">373,725,992</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">AS OF DECEMBER 31, 2013</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">562,693,346</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(60,084,197)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">65,109</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(348,673)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(5,514,048)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">491,864,319</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">988,675,856</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">95,568,422</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,084,244,278</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Balanced as of January 1, 2014</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">562,693,346</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(60,084,197)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">65,109</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(348,673)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(5,514,048)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">491,864,319</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">988,675,856</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">95,568,422</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,084,244,278</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Changes</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Interim dividends (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(23,278,681)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(23,278,681)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(23,278,681)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 5pt">Interim dividends according to policy (2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(36,500,001)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(36,500,001)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(36,500,001)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 5pt">Other increase (decrease) in Equity (3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">2,419</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(378,712)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(376,293)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(8,594,222)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(8,970,515)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Effects business combination</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">18,340,752</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">18,340,752</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Comprehensive income and expense</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(7,698,661)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(108,479)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,364,014)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">106,238,450</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">97,067,296</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">17,596,789</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">114,664,085</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Total changes in equity</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(7,698,661)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(108,479)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,364,014)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">2,419</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">46,081,056</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">36,912,321</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">27,343,319</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">64,255,640</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">AS OF DECEMBER 31, 2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">562,693,346</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(67,782,858)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(43,370)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,712,687)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(5,511,629)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">537,945,375</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,025,588,177</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">122,911,741</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,148,499,918</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Balanced as of January 1, 2015</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">562,693,346</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(67,782,858)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(43,370)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,712,687)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(5,511,629)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">537,945,375</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,025,588,177</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">122,911,741</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,148,499,918</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Changes</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Interim dividends (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(24,387,190)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(24,387,190)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(24,387,190)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 5pt">Interim dividends according to policy (2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(36,016,878)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(36,016,878)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(36,016,878)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 5pt">Other increase (decrease) in Equity (5)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">25,543</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">25,543</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(10,884,132)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(10,858,589)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Comprehensive income and expense</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(27,652,528)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">40,844</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(589,731)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">120,808,135</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">92,606,720</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">17,678,164</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">110,284,884</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Total changes in equity</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(27,652,528)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">40,844</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(589,731)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">25,543</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">60,404,067</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">32,228,195</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">6,794,032</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">39,022,227</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">AS OF DECEMBER 31, 2015 </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">562,693,346</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(95,435,386)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(2,526)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(2,302,418)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(5,486,086)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">598,349,442</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,057,816,372</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">129,705,773</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,187,522,145</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">(1)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">Related to declared dividends at December 31 of each year and paid during January of the following year, as agreed by the Board of Directors.</FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">(2)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">Corresponds to the differences between CCU&#8217;s policy to distribute a minimum dividend of at least 50% of the income (</FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 6pt">Note 33</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">) based on the local statutory reported to SVS and the interim dividends declared at December 31 of each year.</FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">(3)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">In 2013, the Company acquired additional interests in Vi&#241;a San Pedro Tarapac&#225; S.A. with a carrying value to ThCh$ 8,153,946 resulting in an increase to Other reserves of ThCh$ 2,526,520 </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 6pt">Note 1 (1)</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">.</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 4pt"> </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">Additionally, as a part of the balance of 2013 recorded ThCh$ 341,169 related to an increase in additional interest in Saenz Briones &amp; C&#237;a S.A.I.C. </FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">(4)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">See </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 6pt">Note 33</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">, paid in capital.</FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">(5)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">Mainly related to dividends to Non-controlling interest.</FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt 18pt" align=left>&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%" align=center><B></B>&nbsp;</H1>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center><FONT face=arial,sans-serif><FONT face=arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">F-</FONT></FONT></FONT><FONT face=arial,sans-serif><FONT face=arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">8</FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_146"></A>

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<TR style="HEIGHT: 45.35pt">

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Consolidated Statement of Cash Flow</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">(Figures expressed in thousands of Chilean pesos)</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left>&nbsp;</P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right>
   <IMG border=0 src="x16042214301500.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%" align=center><FONT color=#003300 face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 12pt">CONSOLIDATED STATEMENT OF CASH FLOW</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 30pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="50%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">CONSOLIDATED STATEMENT OF CASH FLOW</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=3 width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Notes</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="40%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended as of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Net cash flows from (used in) operational activities</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Collection classes:</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Proceeds from goods sold and services rendered</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,770,338,769</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,584,494,230</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,464,286,085</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Other proceeds from operating activities</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">20,467,143</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">30,247,374</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,057,966</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Types of payments:</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Payments of operating activities</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,120,571,275)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,051,616,618)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(950,888,252)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Payments of salaries</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(178,915,580)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(171,898,347)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(145,277,349)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Other payments for operating activities</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(220,365,087)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(162,644,788)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(154,495,134)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Dividends received</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">45,492</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">75,169</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">95,463</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Interest paid</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(19,813,502)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(20,757,207)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(21,112,371)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Interest received</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,476,628</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,763,936</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,244,764</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Income tax reimbursed (paid)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(44,584,176)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(44,208,661)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(26,390,153)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other cash movements</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,432,460</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(833,425)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">634,480</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Net cash flows from (used in) operational activities</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">219,510,872</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">173,621,663</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">194,155,499</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 2.25pt">

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Cash flows from (used in) investing activities</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Cash flows used for control of subsidaries or other businesses </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">14</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(8,369)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(14,566,278)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Cash flows used in the purchase of non-controlling interests</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">14</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,921,245)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(13,776,885)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Proceeds from payments of Associates</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,709,845</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Other payments to acquire interests in joint ventures</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">14</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(42,163,032)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,445,478)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Proceeds from sale of property, plan and equipment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,776,474</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,587,448</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,740,687</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Acquisition of property, plant and equipment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(129,668,910)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(227,863,039)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(122,451,045)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Purchases of intangibles assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(2,062,012)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(2,217,113)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(2,107,984)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other cash movements</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">518,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,753,297</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">466,710</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Net cash flows from (used in) investing activities</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(165,810,169)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(238,970,139)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(136,917,910)</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 2.25pt">

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Cash flows from (used in) financing activities</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Payments for changes in ownership interests in subsidaries</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">14</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(5,627,425)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Proceeds from long-term loans</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,570,689</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">15,482,763</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,852,892</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Porceeds from short-term loans</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">23,358,700</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,882,842</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,040,310</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total amount from loans</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">42,929,389</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">37,365,605</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">22,893,202</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Loan payments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(54,797,023)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(20,766,024)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(22,343,703)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Proceeds from issuing shares</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">326,663,538</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Payments of finance lease liabilities</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,697,649)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,745,210)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,641,370)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Payments of loan from related entities</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(601,494)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(223,225)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,479,201)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Dividends paid</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(66,147,145)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(65,315,914)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(63,680,979)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other cash movements</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(2,525,569)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(81,470,807)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(3,162,277)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Net cash flows from (used in) financing activities</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(82,839,491)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(132,155,575)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">251,621,785</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 2.25pt">

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 22.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 22.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="60%" colSpan=2>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Net increase (decrease) in cash equivalents, before the effect of changes in exchange rate</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 22.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(29,138,788)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 22.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(197,504,051)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 22.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">308,859,374</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 22.5pt">

   <TD style="HEIGHT: 22.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Effects of changes in exchange rates on cash and cash equivalents</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 22.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 22.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,918,151</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 22.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,425,660</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 22.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(2,343,382)</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 2.25pt">

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Cash and cash equivalents, initial balance</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">214,774,876</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">408,853,267</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">102,337,275</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Cash and cash equivalents, final balance</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">14</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">192,554,239</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">214,774,876</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">408,853,267</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center><FONT face=arial,sans-serif><FONT face=arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">F-</FONT></FONT></FONT><FONT face=arial,sans-serif><FONT face=arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">9</FONT></FONT></FONT></P></DIV>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 14pt">Note 1 </FONT></B></FONT><FONT color=#003300><B><FONT lang=ES-CL style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face=arial>General Information</FONT></B></FONT></H1>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;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&#186; 0007, consequently, the Company is subject to Regulation by the SVS. The Company&#8217;s shares are quoted in Chile on the Santiago Stock Exchange, Electronic Stock Exchange and Valpara&#237;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 a</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">mendment to the Deposit Agreement dated December 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's underlying ordinary shares. This action was effective on December 20, 2012. </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">CCU is a diversified beverage company, with operations mainly in Chile, Argentina, Uruguay, Paraguay, Colombia and Bolivia. CCU is the largest Chilean brewery, the second largest brewery in Argentina, the second largest producer of soft drinks in Chile, the second-largest wine producer in Chile, the largest bottler of mineral water and nectar in Chile and one of the largest pisco producer in Chile. It also participates in the business of Home and Office Delivery (&#8220;HOD&#8221;), in a business of home delivery of purified water in bottles through the use of dispensers, and in the rum and candy in Chile. It participates in the industry of the ciders, spirits and wines in Argentina and also participates in the industry of mineral water and soft drinks and beer distribution in Uruguay, Paraguay, Colombia and Bolivia.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">In Chile and abroad, CCU and its subsidiaries are the owners of a wide range of brands, under which market our products. In the domestic market, its portfolio of brands in the beer category consists among others of Cristal, Cristal Light, Cristal Cero, 0&#176;, Escudo, Kunstmann, Austral, Dolbeck, Royal Guard, Morenita, Dorada and Lemon Stones. It holds exclusive license to produce and market Heineken, Sol and Coors. In Chile, the Company is the exclusive distributor of Tecate and Blue Moon beer.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">In Argentina, CCU produces beers in its plants located in the cities of Salta, Santa F&#233; and Luj&#225;n. Its main brands are Schneider, Imperial, Palermo, Santa F&#233;, Salta, C&#243;rdoba and are the holders of exclusive license for the production and marketing of Budweiser, Heineken, Amstel and Sol. CCU also imports Guiness and Kunstmann. Additionally, exports beer to different countries in the region mainly under the Schneider, Heineken and Budweiser brands. In Argentina, CCU is the exclusive distributor of the energy drink Red Bull. Besides, participates in the cider business, controlling of Saenz Briones. In these categories, its portfolio brands are Sidra Real and &#8220;1888&#8221;. Also participates in the spirits business, which is marketed under the brand El Abuelo, as well as import other liquors from Chile.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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 under Heineken, Schneider and Kuntsmann brand and cider Sidra Real.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">In Paraguay, the Company participates in the non-alcoholic beverages and beer business since December 2013. Its portfolio of non-alcoholic brands consists of Pulp, Watt's and La Fuente. These brands include own, licensed and imported. In the beer business, the Company imports Heineken, Coors Light, Coors 1873, Schneider, Paulaner and Kunstmann, brands.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">In Colombia, CCU participates in the business of beers and malts since November 2014. Its portfolio of beers include licensed and imported Heineken, Amstel, Murphys and Buckler brands. Its has of exclusive license for the importation, distribution and production of Heineken. It holds exclusive license to produce and market Coors and Coors Light.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">In Bolivia, the Company participates in the non-alcoholic and alcoholic business since May 2014. Its portfolio of non-alcoholic brands consist of Mendocina, Free cola, Sinalco, Cordillera and Real. These brands include own and licensed. The alcoholic brands consist of Real and Capital. It has of exclusive license for the importation and distribution of Heineken and the energy drink Monster.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Within the non-alcoholic, in Chile Operating segment, CCU has the Bilz, </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Pap, Kem, Kem Xtreme, Nobis, Cachantun, Cachantun M&#225;s, Mas Woman and Porvenir brands. Regarding the HOD category, CCU has the Manantial brand. The Company, directly or through its subsidiaries, has license agreements with Pepsi, 7up, Mirinda, Gatorade, Adrenaline Red, Sobe LifeWater, Lipton Ice Tea, Ocean Spray, Crush, Canada Dry Lim&#243;n Soda, Canada Dry Ginger Ale, Canada Dry Agua T&#243;nica, Nestl&#233; Pure Life, Perrier, &nbsp;Watt&#180;s and Frugo. In Chile, </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">CCU is the exclusive distributor of the energy drink Red Bull. </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Besides, throught of joint operation also owns the Sprim and Fructus and the licencse Vivo and Caricia brands.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">In the spirits, in Chile Operating segment, in the category of pisco, CCU owns the brand Mistral, Campanario, Horc&#243;n Quemado, &nbsp;Control C, Tres Erres, La Serena and Ruta cocktail, and their respective extensions. In rum category Company owns the </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">brands Sierra Morena and their extensions and Cabo Viejo. The Company has the Fehrenberg brand and is exclusive distributor in Chile of Pernod Ricard&#8217;s products.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-10</FONT></FONT></P>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">In the <FONT face=Arial>W</FONT>ine&nbsp;Operating&nbsp;segment, through its subsidiary Vi&#241;a San Pedro Tarapac&#225; S.A. (&#8220;VSPT&#8221;), produces wines and sparkling, which are sold in the domestic and overseas markets exporting to more than 80 countries. </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Its main brands are Alta&#239;r, Sideral, &nbsp;Cabo de Hornos, Kankana del Elqui, Tierras Moradas, 1865, Castillo de Molina, &#201;pica, 35 Sur Reserva, 35 Sur, Urmeneta, GatoNegro, Gato, Manquehuito Pop Wine, San Pedro Exportaci&#243;n. The brands&#180;s portfolio of Vi&#241;a Tarapac&#225; includes: TaraPakay, Gran Reserva, Gran Tarapac&#225;, Le&#243;n de Tarapac&#225; and Tarapac&#225; Varietal. The brands&#180;s portfolio of Vi&#241;a Santa Helena includes: Parras Viejas, Vernus, Selecci&#243;n del Directorio, Siglo de Oro, Santa Helena Varietal, Alpaca, Gran Vino and Santa Helena. VSPT also participates in Chile and international market with vines Misiones de Rengo, Vi&#241;a Mar, Casa Rivas, Leyda and Finca La Celia and Tamari in Argentina.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The joint venture in Foods Compa&#241;&#237;a de Alimentos CCU S.A. ("Foods"), who participates in the business of snacks and food in Chile, sold Calaf and Natur brands to Empresas Carozzi S.A. Foods maintains its share of the brand Nutra Bien.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The detail of the described licenses appears below:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="100%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Main brands under license</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="74%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Licenses</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Validity Date</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="74%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Amstel in Argentina (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">July 2022</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="74%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Austral (2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">July 2016</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="74%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Blue Moon in Chile (3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">December 2021</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="74%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Budweiser in Argentina </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">December 2025</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="74%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Coors in Chile (4)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">December 2025</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="74%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Coors in Argentina (5)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">December 2019</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="74%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Crush, Canada Dry (Ginger Ale, Agua T&#243;nica and Lim&#243;n Soda) in Chile (6)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">December 2018</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="74%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Gatorade in Chile (7)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">December 2018</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="74%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Heineken in Bolivia (8)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">December 2024</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="74%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Heineken in Chile and Argentina (9)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10 years renewables</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="74%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Heineken in Colombia (10)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">March 2028</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="74%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Heineken in Paraguay (8)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">November 2022</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="74%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Heineken in Uruguay (9)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10 years renewables</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="74%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Nestl&#233; Pure Life (6)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">December 2017</FONT></FONT></P></TD></TR>

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   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="74%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Pepsi, Seven Up and Mirinda</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">December 2043</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="74%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Red Bull in Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">December 2017</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Red Bull in Chile (11)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Indefinitely</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="74%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Sol in Chile and Argentina (9)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10 years renewables</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="74%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">T&#233; Lipton in Chile</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">March 2020</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Watt's (nectars, fruit-based drinks and other) rigid packaging, except carton (12)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">indefinitely</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="74%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">(1)&nbsp;&nbsp; After the initial termination date, license is automatically renewed under the same conditions (Rolling Contract), each year for a period of 10 years, unless notice of non-renewal is given.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">(2)&nbsp;&nbsp; Renewable for periods of two years, subject to the compliance of the contract conditions&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; .&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">(3)&nbsp;&nbsp; If Renewal criteria have been satisfied, renewable through December, 2025, thereafter shall automatically renew every year for a new term of 5 years (Rolling Contract).&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">(4)&nbsp;&nbsp; After the initial termination date, license is automatically renewed under the same conditions (Rolling Contract), each year for a period of 5 years, subject to the compliance of the contract conditions.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">(5)&nbsp;&nbsp; License renewable for one period of 5 years, subject to the compliance of the contract conditions.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">(6)&nbsp;&nbsp; License renewable for periods of 5 years, subject to the compliance of the contract conditions.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">(7)&nbsp;&nbsp; Renewable for an additional period equal to the duration of the Shareholders Agreement of Bebidas CCU-PepsiCo SpA., subject to the compliance of the contract conditions.&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></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">(8)&nbsp;&nbsp; License for 10 years, automatically renewable for periods of 5 years, unless notice of non-renewal.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">(9)&nbsp;&nbsp; License for 10 years, automatically renewable on the same terms (Rolling Contract), each year for a period of 10 years, unless notice of non-renewal is given.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &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></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">(10) After the initial termination date, License is automatically renewable each year for a period of 5 years (Rolling Contract), unless notice of non-renewal is given.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">(11) Indefinite contract, notice of termination 6 months in advance. The earliest possible effective date of termination is October 31, 2018.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">(12) Indefinite contract, subject to the compliance of the contract conditions&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company&#8217;s address and main office is located in Santiago, Chile, at Avenida Vitacura N&#186; 2670, Las Condes district and its tax identification number (Rut) is 90,413,000-1.</FONT></FONT></P>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of December 31, 2015 the Company had a total of &nbsp;8,100 employees according to the following detail:</FONT></FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Number of employes</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Parent company</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Consolidated</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Main Executives</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">86</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">400</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Professionals and techniciens</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">252</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,138</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Workers</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">27</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,562</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">365</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,100</FONT></B></FONT></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. is under the control of Inversiones y Rentas S.A. (IRSA), which is the direct and indirect owner of 60% of the Company shares. IRSA is currently a joint venture between Qui&#241;enco S.A. and Heineken Chile Limitada, a company controlled by Heineken Americas B.V, each with a 50% equity participation.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The consolidated financial statements include the following direct and indirect significant subsidiaries where the percentage of participation represents the economic interests at the consolidated level:</FONT></FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Subsidiary</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Tax ID</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Country of origin</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Functional currency</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Share percentage direct and indirect</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Direct</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Indirect</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cervecera CCU Chile Limitada</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">96,989,120-4</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.7500</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0.2499</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9999</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9999</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Embotelladora Chilenas Unidas S.A. (4)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99,501,760-1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">97.7746</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2.1592</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9338</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9433</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">C&#237;a. Cervecer&#237;as Unidas Argentina S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Argentine pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9923</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9923</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9923</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Vi&#241;a San Pedro Tarapac&#225; S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">91,041,000-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">64.6980</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">64.6980</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">64.6980</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Compa&#241;&#237;a Pisquera de Chile S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99,586,280-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">46.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">34.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">80.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">80.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Transportes CCU Limitada</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">79,862,750-3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">98.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CCU Investments Limited</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Islas Cayman</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9999</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0.0001</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Inversiones INVEX DOS CCU Limitada</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,126,311-0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.6451</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0.3548</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9999</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9997</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CRECCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,041,227-9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9602</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0.0398</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">F&#225;brica de Envases Pl&#225;sticos S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">86,150,200-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">90.9100</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9.0866</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9966</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9966</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Southern Breweries Establishment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Vaduz-Liechtenstein</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">50.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">49.9553</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9553</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9553</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Comercial CCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99,554,560-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">50.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">49.9866</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9866</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9866</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CCU Inversiones S.A. (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,593,550-4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">98.8398</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1.1334</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9732</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9732</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Millahue S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">91,022,000-4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9621</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9621</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9621</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 14.25pt">

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Aguas CCU-Nestl&#233; Chile S.A. (2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,007,212-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">50.0716</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">50.0716</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">50.0716</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CCU Inversiones II Limitada (3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,349,531-0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">80.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19.9946</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9946</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9946</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Compa&#241;&#237;a Cervecera Kunstmann S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">96,981,310-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">50.0007</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">50.0007</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">50.0007</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Inversiones INVEX TRES Limitada</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,248,389-0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0.9884</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9884</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9884</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Milotur S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uruguayan pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Coralina S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uruguayan pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Marzurel S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uruguayan pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bebidas del Paraguay S.A. (3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Paraguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Paraguayan guarani</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">50.0050</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">50.0050</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">50.0050</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Distribuidora del Paraguay S.A. (3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Paraguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Paraguayan guarani</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">49.9590</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">49.9590</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">49.9590</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bebidas Ecusa SpA. (4)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,517,798-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9338</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9338</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR></TABLE></DIV>

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<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-12</FONT></FONT></P></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_150"></A>

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<TR style="HEIGHT: 45.35pt">

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right>
   <IMG border=0 src="x16042214301500.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">In addition to the table presented above, below are the percentages of participation with voting rights, in each of the subsidiaries as of December 31, 2015 and 2014, 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="32%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Subsidiary</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=3 width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Tax ID</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=3 width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Country of origin</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=3 width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Functional currency</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Share percentage with voting rights</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 25.5pt">

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">%</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">%</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cervecera CCU Chile Limitada</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">96,989,120-4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Embotelladora Chilenas Unidas S.A. (4)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99,501,760-1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9338</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9444</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">C&#237;a. Cervecer&#237;as Unidas Argentina S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Argentine pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Vi&#241;a San Pedro Tarapac&#225; S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">91,041,000-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">64.6980</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">64.6980</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Compa&#241;&#237;a Pisquera de Chile S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99,586,280-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">80.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">80.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Transportes CCU Limitada</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">79,862,750-3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CCU Investments Limited</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Islas Cayman</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Inversiones INVEX DOS CCU Limitada</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,126,311-0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CRECCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,041,227-9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">F&#225;brica de Envases Pl&#225;sticos S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">86,150,200-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Southern Breweries Establishment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Vaduz-Liechtenstein</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Comercial CCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99,554,560-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CCU Inversiones S.A. (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,593,550-4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9737</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9737</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Millahue S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">91,022,000-4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9621</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9621</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Aguas CCU-Nestl&#233; Chile S.A. (2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,007,212-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">50.1000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">50.1000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CCU Inversiones II Limitada (3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,349,531-0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Compa&#241;&#237;a Cervecera Kunstmann S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">96,981,310-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">50.0007</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">50.0007</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Inversiones INVEX TRES Limitada</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,248,389-0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Milotur S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uruguayan pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Coralina S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uruguayan pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Marzurel S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uruguayan pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100.0000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bebidas del Paraguay S.A. (3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Paraguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Paraguayan guarani</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">50.0050</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">50.0050</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Distribuidora del Paraguay S.A. (3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Paraguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Paraguayan guarani</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">49.9590</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">49.9590</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bebidas Ecusa SpA. (4)</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,517,798-7</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean pesos</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99.9338</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The main movements in the ownership of the subsidiaries included in these consolidated financial statements are the following:</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#003300 face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 11pt; TEXT-DECORATION: none">(1)&nbsp;&nbsp;CCU Inversiones S.A.</FONT></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">I</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">n September and November, 2012, the Company, through its subsidiary CCU Inversiones S.A., acquired an additional 10.4430% interest in Vi&#241;a San Pedro Tarapac&#225; S.A. for ThCh$ 12,521,899 increasing its ownership interest to 60.4488%. Subsequently, during 2013, acquired an additional 4.2664% interest for ThCh$ 5,627,425 increasing its ownership interest to 64.7153%. As the Company has control of this subsidiary, the difference of ThCH$ 7,254,957 and ThCh$ 2,527,217 generated between purchase price and the equity method value was recorded under the item Other reserves in Equity in 2012 and 2013, respectively.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#003300 face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 11pt; TEXT-DECORATION: none">(2) Aguas CCU-Nestl&#233; S.A.</FONT></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT face=Arial><FONT lang=EN-US style="FONT-SIZE: 9pt">O</FONT></FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">n December 24, 2012, the Company, through the subsidiary Aguas CCU-Nestl&#233; S.A., acquired 51.01% of shares of Manantial S.A. for ThCh$ 9,416,524. Manantial S.A. is </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">a Chilean company that specializes in purified water in bottles </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">for</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt"> home and office, use through dispensers referred to internationally as HOD (Home and Office Delivery). Subsequently, on June 7, 2013, the Company paid the outstanding balance of ThCh$ 1,781,909.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-13</FONT></FONT></P></DIV>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#003300 face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 11pt; TEXT-DECORATION: none">(3) CCU Inversiones II Limitada</FONT></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">As explained in </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Note 20</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">, the Company participates of 50% of shares of Central Cervecera de Colombia S.A.S. </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">As explained in </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Note 8</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">, during</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt"> December 2013, the Company acquired 50.005% and 49.959% of the stock of Bebidas del Paraguay S.A. and Distribuidora del Paraguay S.A., respectively. This transaction allows the Company, participates in the beer distribution business, and production and marketing of non-alcoholic drinks, waters and nectars. The total amount of this transaction was ThCh$ 11,254,656. Subsequently, on June 9, 2015, the Company paid a committed capital of ThCh$ 7,414,290.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#003300 face=arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 11pt; TEXT-DECORATION: none">(4) Embotelladoras Chilenas Unidas S.A.</FONT></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On November 16, 2015, </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">formed a new company called</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt"> Bebidas ECUSA SpA., </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">where the subsidiary Embotelladoras Chilenas Unidas S.A. has the 99.9338% of participation. The purpose of this company </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">is the distribution, transport, import, export and marketing in general, on all types of soft drinks.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Below we briefly describe the companies that qualify as joint operations:</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#003300 face=arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 11pt; TEXT-DECORATION: none">(a) </FONT></B></FONT><FONT color=#003300 face="Times New Roman"><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt; TEXT-DECORATION: none">Promarca S.A.</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT face=Arial><FONT lang=EN-GB style="FONT-SIZE: 9pt">On</FONT></FONT><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, Promarca S.A. recorded a profit of ThCh$ 4,708,318 (ThCh$ 4,646,620 in 2014 and ThCh$ 4,540,335 in 2013), which in accordance with the Company&#180;s policies is 100% distributable.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#003300 face=arial,sans-serif><B><I><FONT lang=ES style="FONT-SIZE: 11pt; TEXT-DECORATION: none">(b) Compa&#241;&#237;a Pisquera Bauz&#225; S.A.</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">On December 2, 2011, the subsidiary Compa&#241;&#237;a Pisquera de Chile S.A. (CPCh) signed a license agreement for the commercialization and distribution of the pisco brand Bauz&#225; in Chile. In addition, this transaction included the acquisition by CPCh of 49% of Compa&#241;&#237;a Pisquera Bauz&#225; S.A. (CPB), owner of the brand Bauz&#225; in Chile. The family Bauz&#225; owns 51% of that company and all of its productive assets, thereby continuing the link to the production of pisco Bauz&#225; maintaining its quality, origin and premium character. </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT face=Arial><FONT lang=EN-US style="FONT-SIZE: 9pt">On</FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 9pt">&nbsp;December 31, 2015, CPB recorded a profit of ThCh$ 82,663 (ThCh$ 109,207 in 2014 and ThCh$ 133,635 in 2013), which in accordance with the Company&#180;s policies is 100% distributable.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">At the end of December 31, 2015 this joint operation was classified to Assets of disposal group held for sale (see </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Note 25</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#003300 face=arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt; TEXT-DECORATION: none">(c) Bebidas CCU-Pepsico SpA</FONT></I></B></FONT><FONT color=#003300 face=arial,sans-serif><B><I><FONT lang=ES style="FONT-SIZE: 11pt; TEXT-DECORATION: none">.</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">On October 23, 2013, a new company called Bebidas CCU-PepsiCo SpA (BCP) was incorporated, which is defined as an joint operation, where the subsidiary Embotelladoras Chilenas Unidas S.A. has the 50% of participation. The capital of this entity amounts to ThCh$ 1,000. The purpose of this company is the manufacture, production, processing, transformation, transport, import, export, purchase, sale and in general comercialization of all type of concentrates. Its operations commenced <FONT face=Arial>on </FONT>January 1, 2014.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT face=Arial><FONT lang=EN-US style="FONT-SIZE: 9pt">On</FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 9pt">&nbsp;December 31, 2015, BCP recorded a profit of ThCh$ 802,418 (ThCh$ 789,648 in 2014), which in accordance with the Company&#180;s policies is 100% distributable.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#003300 face=arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt; TEXT-DECORATION: none">(d) Bebidas Carozzi CCU SpA</FONT></I></B></FONT><FONT color=#003300 face=arial,sans-serif><B><I><FONT lang=ES style="FONT-SIZE: 11pt; TEXT-DECORATION: none">.</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">On November 26, 2015, the Company, through its subsidiary ECCUSA, entered into a joint arrangement that qualifies as a joint operation, in the company called Bebidas Carozzi CCU SpA. (BCCCU). CCU and Empresas Carozzi S.A. participate as only shareholders in equal parts. The purpose of this company is the production, marketing and distribution of instant beverage powder in the national territory. The total disbursement by ECCUSA in this transaction was an amount of ThCh$ 21<FONT face=Arial>,</FONT>846,500 (see </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Note 19</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">). Its operations commenced on December 1, 2015.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-14</FONT></FONT></P></DIV>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT face=Arial><FONT lang=EN-US style="FONT-SIZE: 9pt">On</FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 9pt">&nbsp;December 31, 2015, BCCCU recorded a profit of ThCh$ 402,228, which in accordance with the Company&#180;s policies is 100% distributable.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The companies mentioned above (letter a) to d)) meet the conditions stipulated in IFRS 11 to be considered "joint operations", 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.</FONT></FONT></P>

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<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 14pt">Note 2&nbsp;</FONT></B></FONT><B> </B><FONT color=#003300 face="Times New Roman"><B><FONT lang=ES-CL style="FONT-SIZE: 12pt; TEXT-DECORATION: none">&nbsp;</FONT></B></FONT><FONT color=#003300 face=Arial><B><FONT lang=EN-GB style="FONT-SIZE: 12pt; TEXT-DECORATION: none">Summary of significant accounting policies</FONT></B></FONT></H1>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">&nbsp;</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Significant accounting policies adopted for the preparation of these consolidated financial statements are described below: </FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">2.1</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">Basis of preparation</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The accompanying 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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The consolidated financial statements cover the following periods: Statement of Financial Position as of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, 2014 and January 1, 2014, Statement of changes in Equity, Statement of Income, Statement of Comprehensive Income and Statement of Cash Flow for the years ended December 31, 2015, 2014 and 2013.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The amounts shown in the attached financial statements are expressed in thousands of Chilean pesos, which is the Company&#8217;s functional currency. All amounts have been rounded to thousand pesos, except when otherwise indicated.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The consolidated financial statements have been prepared on the historical basis, as modified by the subsequent valuation of financial assets and financial liabilities (including derivative instruments) at fair value through profit and loss.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The preparation of the 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&#8217;s accounting policies. See </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Note 3</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt"> for disclosure of significant accounting estimates and judgments.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">At the date of issuance of these consolidated financial statements the following Amendments, Improvements and Interpretations to existing IFRS standards have been published. These standard are required to be applied as following:</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-15</FONT></FONT></P></DIV>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">New Standard Improvements and Amendments</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Mandatory for years beginning in:</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">IFRS 14</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Amendment IFRS 11</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Amendments to IAS 16 and IAS 38</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Clarification of Acceptable Methods of Depreciation and Amortisation</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Agriculture: bearer plants</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">IFRS 7 Improvement</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">IAS 19 Improvement</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Discount rate: regional market issue</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">IAS 34 Improvement</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Amendment IFRS 10 , IFRS 12 and IAS 28</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Amendment IAS 1</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Amendment IAS 12</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Recognition of deferred tax assets for unrealized losses</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">January 1, 2017</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">IFRS 9</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">January 1, 2018</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">IFRS 15</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Revenue from contracts with customers</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">January 1, 2018</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">IFRS 16</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Leases</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">January 1, 2019</FONT></FONT></P></TD></TR>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">(1)&nbsp; As explained in </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt">Note 4</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">, the Company has early adopted the amendment IAS 16 and IAS 41.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company estimates that the adoption of these Standards, Amendments and Interpretations as described above will not have a material impact on the consolidated financial statements upon initial application, except for the IFRS 15, IFRS 16 and the Amendment of IAS 12, because the Company is in the process of analysis of the possible impact.</FONT></FONT></P>

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<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">2.2</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">Basis of consolidation</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 9pt">Subsidiaries</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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. </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt">Joint operations</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As explained in </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Note 1</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, in those joint arrangements that qualify as joint operations, the Company recognises the</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt"> assets, liabilities, gains (losses) from operational activities respect of its interest in the joint operations in accordance with IFRS 11. </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Intercompany transaction </FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Intercompany transactions, balances and unrealized gains from transactions between the Group&#8217;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 accounting policies are amended to ensure uniformity with the policies adopted by the Company.</FONT></FONT></P>

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<DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-16</FONT></FONT></P></DIV>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Non-controlling Interest</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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. </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Investments accounted&nbsp;<FONT face=Arial>by</FONT> the equity method</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Joint ventures and associates</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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&#8217; agreement. In addition the Company maintains investments in associates which are defined as those entities that investor has significant influence and is not a subsidiary or is a joint venture.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company accounts for its participation in joint arrangement that qualify as joint ventures and associates 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&#180;s accounting policies.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Whenever the Company contributes or sells assets to the companies under joint control or associate, 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. </FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">2.3</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">Financial information as per operating segments</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company has defined three operating segments which are essentially defined with respect to its revenues in the geographic areas of commercial activity: 1.- Chile, 2.- International business and 3.- Wine. </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">These operating segments mentioned are consistent with the way the Company is managed and how results will be reported by CCU. These segments reflect separate operating results which are regularly reviewed by each segment chief operating decision maker in order to make decisions about the resources to be allocated to the segment and assess its performance</FONT></FONT><FONT face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 9pt"> </FONT></B></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt; TEXT-DECORATION: none">(See Note 7)</FONT></I></B></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The segments performance is measured according to several indicators, of which OR (Operating Result), ORBDA (Operating Result Before Depreciation and Amortization), ORBDA margin (ORBDA&#8217;s % of total revenues for the operating segment), the volumes and Net sales. Sales between segments are conducted using terms and conditions at current market rates.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company defined the Operating Result as the Incomes (losses) before Other gains (losses), Net financial cost, Equity&nbsp; and income from joint ventures and associates, Foreign currency exchange differences, Results as per adjustment units and Income tax, and the ROADA, for the Company purposes, is defined as Operating Result before Depreciation and Amortization.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Corporate revenues and expenses are presented separately within the Other segment.</FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">2.4</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">Foreign currency and unidad de fomento (Adjustment unit)</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt">Presentation and functional currency</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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, Uruguayan and Paraguayan subsidiaries is the Argentine peso, Uruguayan peso and Paraguayan guarani, respectively.&nbsp;<FONT face=Arial,sans-serif>&nbsp;The functional currency of the joint venture an associates in Colombia and Bolivia are Colombian peso and Boliviano, respectively.</FONT></FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-17</FONT></FONT></P></DIV>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Transactions and balances</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Transactions in foreign currencies and adjustment units (&#8220;Unidad de Fomento&#8221; or &#8220;UF&#8221;) 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&#8217;s inflation rate. At the close of each 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 as per adjustment units.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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 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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The exchange rates of the primary foreign currencies and adjustment units used in the preparation of the consolidated financial statements as of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015, 2014 and 2013 </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">are as follows:</FONT></FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Chilan Pesos as per unit of foreign currency or adjustable unit</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Ch$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Ch$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Ch$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Foreign currencies</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">US Dollar</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">710.16</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">606.75</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">524.61</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Euro</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">EUR</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">774.61</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">738.05</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">724.30</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Argentine Peso</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">54.46</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">70.96</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">80.45</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uruguayan Peso</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">23.71</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">24.90</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">24.49</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Sterling Pound</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">GBP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,053.02</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">944.21</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">866.41</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Paraguayan guarani</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0.12</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0.13</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0.11</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bolivians</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">BS</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">103.67</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">88.45</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76.47</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Colombian peso</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">COP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0.22</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0.25</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">0.27</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Adjustment Units</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Unidad de fomento*</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">25,629.09</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">24,627.10</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">23,309.56</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">* 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&#180;s inflation rate. </FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">2.5</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">Cash and cash equivalents</FONT></I></B></FONT></H3>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 11pt">2.6</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 11pt">Other finantial assets</FONT></I></B></FONT></H3>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Other financial assets include market securities, derivatives contracts and time deposits at financial entities with a maturity over 90 days.</FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><B></B>&nbsp;</H3>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-18</FONT></FONT></P></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_156"></A>

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<DIV>

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<TR style="HEIGHT: 45.35pt">

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right>
   <IMG border=0 src="x16042214301500.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">2.7</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">Financial instruments</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 9pt">Financial assets</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company recognizes a financial asset in its Consolidated Statement of Financial Position according to the following: </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of the date of the initial recognition, Management classifies its financial assets (i) at fair value through profit and loss and (ii) 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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) the use of recent market transactions, (ii) references to the current market value of another financial instrument of similar characteristics, (iii) discounted cash flow and (iv) other valuation models.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">After the initial recognition the Company values the financial assets as described below:</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Accounts receivable</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Trade receivable credits or accounts are recognized according to their invoice value.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt">Financial liabilities</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company recognizes a financial liability in its Consolidated Statement of Financial Position according to the following:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Debts and financial liabilities that accrue interests</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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 measured at their amortized cost. The difference between the net amount received and the value to be paid is recognized in the Consolidated Statement of Income during the term of the loan, using the effective interest rate method.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Interest paid and accrued related to debts and obligations used in a financing operations appear under financial cost.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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. </FONT></FONT></P>

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<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-19</FONT></FONT></P></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_157"></A>

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   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right>
   <IMG border=0 src="x16042214301500.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Trade accounts payable and other payables</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Derivative Instruments</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">All derivative financial instruments are initially recognized as of the date of the agreement and subsequently measured at their fair value as of the date of the financial statements. Gains and losses resulting from fair value measurement are recorded in the 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Financial Instruments 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Derivative instruments classified as hedges are accounted for as cash flow hedges.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">In order to classify a derivative as a hedging instrument for accounting purposes, the Company documents (i) 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) 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%.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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 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 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 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 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 Statement of Income.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Deposits for returns of bottles and containers</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company does not intend to make significant repayment of these deposits within the next 12 months. Such amounts are classified within current liabilities, under the line Other financial liabilities, 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 demand, 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></FONT></P>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">2.8</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">&nbsp;Financial asset impairment</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">At each financial statement date the Company assesses if a financial asset or financial group of assets is impaired.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company assesses impairment of accounts receivable collectively by grouping the financial assets according to similar risk characteristics, which indicate the debtor&#8217;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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">2.9</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">Inventories</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">2.10</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">Biological current assets</FONT></I></B></FONT></H3>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Under the Biological current assets, the Company includes the costs associated with agricultural activities (grapes), which are capitalized up to the harvest date, at which time they become part of inventory cost for subsequents processes. The Company considers that the costs associated with agricultural activities represent a reasonable approximation to fair value. According to </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Note 4</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt"> until December 31, 2014 and January 1, 2014, the Biological current assets are recorded under Inventories. The above mentioned implies only a reclassification and </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">has no impact on its value, Net income or Equity.</FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">2.11</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">Other non-financial assets</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Other non-financial assets</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt"> mainly includes 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.</FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">2.12</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">Property, plant and equipment</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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 </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-21</FONT></FONT></P></DIV>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Property, plant and equipment estimated useful lives are as follows:</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt"> </FONT></FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Type of Assets</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Number of years</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Land</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Indefinite</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Buildings and Constructions</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">20 to 60</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Machinery and equipment</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10 to 25</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Furniture and accesories</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5 to 10</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Other equipment (coolers and mayolicas)</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5 to 8</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Glass containers, and plastic containers</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3 to 12</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Vines in production</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">30</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Gains</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt"> 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 Consolidated Statement of Income.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Biological assets held by Vi&#241;a San Pedro Tarapac&#225; S.A. (VSPT) and its subsidiaries consist of vines under formation and under production. The harvested grapes are used for the later production of wines.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Vines under production are valued at the historic cost, less depreciation and any impairment loss.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Depreciation of under production vines is recorded on a straight-line basis based on the 30-years average estimated production useful life, which is periodically assessed. Vines under formation are not depreciated until they start production. </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Costs incurred in acquiring and planting new vines are capitalized.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">When the book value of an asset of property, plant and equipment exceeds its recoverable amount, this is reduced immediately to its recoverable amount </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">(See Note 2.17)</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As described in </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Note 4</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, during year 2015, the Company has early adopted the amendment of IAS 16 and 41, therefore vines under formation and under production are recorded in Properties, plant and equipment. Until December 31, 2014 and January 1, 2014, these were recorded under the Biological non-current assets. This early application implies only a reclassification and has not impact on its value, Net income or Equity.</FONT></FONT></P>

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<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">2.13</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">Leases</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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. 17 &#8220;Leases&#8221;. 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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-22</FONT></FONT></P></DIV>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">2.14</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">&nbsp;Investment property</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Investment property consists of land and building 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.</FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 11pt">2.15</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 11pt">Intangible assets other than goodwill</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Commercial Trademarks</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company&#8217;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 </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">(Note 2.17).</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Software Program</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Research and development</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Research and development expenses are recognized in the period incurred. </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Water Rights</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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 </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">(See Note 2.17)</FONT></I></B></FONT><FONT face=Arial,sans-serif><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></I></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">2.16</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">Goodwill </FONT></I></B></FONT></H3>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Goodwill represents the excess of cost of a business combination over the Company&#8217;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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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 - </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">See Note 22)</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt"> 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></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-23</FONT></FONT></P></DIV>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">2.17</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">Impairment of non-financial assets other than goodwill</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">For indefinite useful life intangible assets, which are not amortized, the Company performs all required test to ensure that the carrying amount does not exceed recoverable value.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">For other non-financial assets different than goodwill and intangibles with indefinite useful life, the Company assesses the existence of impairment indicators when some event or change in business circumstances indicate that the book value of the asset may not be recoverable and impairment is recognised when the book value is higher than its recoverable value.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">2.18</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">Assets of a disposal group held for sale</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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. </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">2.19</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">Income taxes </FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Income taxes are composed by the legal obligations and the deferred taxes recognized according to International Accounting Standard N&#186; 12 &#8211; Income Taxes. Income tax is recognized in the 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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Income Tax Obligation</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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<FONT face=Arial>.</FONT></FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Deferred Tax</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-24</FONT></FONT></P></DIV>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">2.20</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">Employees benefits</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 9pt">Employees Vacation</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company accrues the expense associated with staff vacation when the employee earns the benefit.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Employees Bonuses</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company recognizes a liability and an expense for bonuses when it&#8217;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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Severance Indemnity</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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. </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">According to the amendment of IAS 19, the actuarial gains and losses are recognized directly in Other Comprehensive Income, under Equity and, according to the accounting policies of the Company, financial costs related to the severance indemnity are directly recorded under Financial cost in the Consolidated Statement of Income.</FONT></FONT></P>

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<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">2.21</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">Provisions</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Provisions are recognized when: (i) the Company has a current obligation, legal or implicit, as a result of past events, (ii) it is probable that monetary resources will be required to settle the obligation and (iii) the amounts can be reasonably established. The amounts recognized as provisions as of financial statements closing date, are Management&#180;s best estimates, and consider the necessary disbursements to liquidate the obligation.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The concepts by which the Company establishes provisions against Income correspond to civil, labour and taxation proceedings that could affect the Company </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">(See Note 29)</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">2.22</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">Revenue recognition</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-25</FONT></FONT></P></DIV>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Sale of products in the domestic market</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Exports</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">In general, the Company&#180;s delivery conditions for sale are the basis for revenue recognition related to exports.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The structure of revenue recognition is based on the grouping of Incoterms, mainly in the following groups:</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "FOB (Free on Board) shipping point", 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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#8220;CIF (Cost, Insurance &amp; Freight) and similar", 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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">In the case of discrepancies between the commercial agreements and Incoterms, the first one will prevail.</FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">2.23</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">Commercial agreements with distributors and supermarket chains</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company enters into commercial agreements with its clients, distributors and supermarkets through which they establish: (i) volume discounts and other client variables, (ii) promotional discounts that correspond to an additional rebate on the price of the products sold by reason of commercial initiatives development (temporary promotions), (iii) services payment and rendering of counter-services (advertising and promotion agreements, use of preferential spaces and others) and (iv) shared advertising, which corresponds to the Company&#8217;s participation in advertising campaigns, promotion magazines and opening of new sales locations.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The commitments with distributors or importers in the exports area are recognized on the basis of existing trade agreements. </FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">2.24</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">Cost of sales of products</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">2.25</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">&nbsp;Other expenses by function</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Other expenses by function include, mainly advertising and promotion expenses, depreciation of assets sold, selling expenses, marketing costs (sets, signs, neon signs at client&#8217;s facilities) and marketing and sales staff remuneration and compensations.</FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">2.26</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">&nbsp;Distribution expenses </FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Distribution costs include all the necessary costs to deliver products to clients.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-26</FONT></FONT></P></DIV>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">2.27</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">Administration expenses</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">2.28</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">Environment liabilities</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Disbursements related to environmental protection are charged to the 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.</FONT></FONT></P>

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<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 11pt">2.29</FONT></I></B></FONT><FONT color=#003300 face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 11pt">Reclassification to the Consolidated Financial Statements of previous years</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The Company has early adopted the amendment of IAS 16 and IAS 41. For comparison purposes of this Consolidated Financial Statements, the Company,&nbsp;had restated the originally figures reported at December 31, 2014 and January 1, 2014. </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">This early application implies only a reclassification and has not impact on its value, Net income or Equity.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Below are the reclassifications that only affecting the Consolidated Statement of Financial Position:</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">a) <FONT face=Arial>On </FONT>December 31, 2014:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 51pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 51pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="61%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current assets</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 51pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Previously Reported <FONT face="Arial Narrow">a</FONT>t December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 51pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Reclassification</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 51pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total at December 31, 2014 (Restated)</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Inventories</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">175,179,189</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(7,633,591)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">167,545,598</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Biological current assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,633,591</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,633,591</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="55%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 51pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 51pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="61%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Non-current assets</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 51pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Previously Reported at December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 51pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Reclassification</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 51pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total at December 31, 2014 (Restated)</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Property, plant and equipment (net)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">833,171,234</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">18,084,408</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">851,255,642</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Biological assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">18,084,408</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(18,084,408)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="55%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-27</FONT></FONT></P></DIV>

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<TR style="HEIGHT: 45.35pt">

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right>
   <IMG border=0 src="x16042214301500.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">b) January 1, 2014:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 51pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 51pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="61%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current assets</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 51pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">At January 1, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 51pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Reclassification</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 51pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total at January 1, 2014 (Restated)</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Inventories</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">153,085,845</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(6,130,652)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">146,955,193</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Biological current assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,130,652</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,130,652</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 51pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 51pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="61%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Non-current assets</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 51pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">At January 1, 2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 51pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Reclassification</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 51pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total at January 1, 2014 (Restated)</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Property, plant and equipment (net)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">680,994,421</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,662,008</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">698,656,429</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Biological assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,662,008</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(17,662,008)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The costs associated with agricultural activities (grapes) for an amount of ThCh$ 7,633,591 and ThCh$ 6,130,652 as of December 31, 2014 and January 1, 2014, respectively, were presented under the Inventories. Beginning the year 2015, according to IAS 41, these are presented under the Biological current assets.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The vines under formation and under production for an amount of ThCh$ 18,084,408 and ThCh$ 17,662,008 as of December 31, 2014 and January 1, 2014, respectively, were presented under the Biological assets. Beginning the year 2015, according to Amendment of IAS 16 and IAS 41, these are presented under Property, plant and equipment.</FONT></FONT></P>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 14pt">Note 3 </FONT></B></FONT><FONT color=#003300 face=arial><B><FONT lang=EN-GB style="FONT-SIZE: 12pt; TEXT-DECORATION: none">Estimates and application of professional judgment</FONT></B></FONT></H1>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Financial statement preparation requires estimates and assumptions from Management affecting the amounts included in the 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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Significant estimates and accounting policies are defined as those that are important to correctly reflect the Company&#8217;s financial position and income, and/or those that require a high level of judgment by Management.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The primary estimates and professional judgments relate to the following concepts:</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The valuation of goodwill acquired to determine the existence of losses due to potential impairment </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">(Note 2.16 and Note 22)</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The valuation of commercial trademarks to determine the existence of potential losses due to potential impairment</FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt"> (Note 2.17 and Note 21)</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The assumptions used in the current calculation of liabilities and obligations to employees </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">(Note 2.20 and Note 31)</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Useful life of property, plant and equipment</FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt"> (Note 2.12 and Note 23)</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt"> and intangibles</FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt"> (Note 2.15 and Note 21)</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The assumptions used for the calculation of fair value financial instruments </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">(Note 2.7 and Note 6)</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt; TEXT-INDENT: -35.45pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The occurrence likelihood and the estimates amount in an uncertain or contingent manner </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">(Note 2.21 and Note 29)</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The valuation of Biological current assets </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">(Note 2.10 and Note 18)</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">. </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Such estimates are based on the best available information of the events analysed to date in these 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.</FONT></FONT></P>

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<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 14pt">Note 4 </FONT></B></FONT><FONT color=#003300 face=Arial><B><FONT lang=EN-GB style="FONT-SIZE: 12pt; TEXT-DECORATION: none">Accounting changes</FONT></B></FONT></H1>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">a)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The Company adopted the early application of Amendment to IAS 16 and 41 in 2015. This change in accounting policy implies that Biological assets (vines under formation and under production) are reclassified to Property, plant and equipment from Biological assets. Additionally, the costs associated with agricultural activities are reclassified to Biological current assets from Inventories.&nbsp; Until December 31, 2014 and January 1, 2014 these were presented under Biological assets (vines under formation and under production) and Inventories, respectively. The effects of this accounting policy are explained in </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Note 2.29</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">. For comparison purposes these change was applied retroactively to 2014.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">b)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">During the year ended on December 31, 2015, 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 consolidated financial statements.</FONT></FONT></P>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 14pt">Note 5&nbsp;</FONT></B></FONT><B> </B><FONT color=#003300 face=Arial><B><FONT lang=ES-CL style="FONT-SIZE: 12pt; TEXT-DECORATION: none">&nbsp;Risk Administration </FONT></B></FONT></H1>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">Risk administration</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">In those companies without a significant non-controlling interest, the Company&#8217;s Administration and Finance Officer provides a centralized service for the group&#8217;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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">In those companies with a significant non-controlling interest (VSPT, CPCh, Aguas CCU-Nestl&#233;, Bebidas del Paraguay S.A. 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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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&#8217;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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The Company&#8217;s main risk exposure is related to the exchange rates, interest rates, inflation and raw material prices (commodities), taxes, client&#8217;s accounts receivable and liquidity. For the purpose of managing the risk originated by such exposures, several financial instruments are used.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 11pt">Exchange rate risk</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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, Uruguay and Paraguay. The Company&#8217;s greatest exchange rate exposure is the variation of the Chilean peso as compared to the US Dollar, Euro, Argentine Peso, Uruguayan Peso<FONT face=Arial>,</FONT> Paraguayan Guarani, Colombian peso and Boliviano.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">As of December 31, 2015, the Company maintained foreign currency obligations amounting to ThCh$ 49,785,548 (ThCh$ 46,780,406 in 2014), mostly denominated in US Dollars. Foreign currency obligations (ThCh$ 16,626,496 in 2015 and ThCh$ 19,838,965 in 2014) represent 10% (11% in 2014) of the total of Other financial liabilities. The remaining 90% (89% in 2014) is mainly denominated in inflation-indexed Chilean pesos (see inflation risk section). In addition, the Company maintains foreign currency assets for ThCh$72,887,721 (ThCh$ 57,086,683 in 2014) that mainly correspond to exports accounts receivable.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Regarding the foreign subsidiaries operations, the net exposure liability in US Dollars and other currencies amounts to ThCh$ 1,368,068 (ThCh$ 1,932,014 in 2014).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">As of December 31, 2015, the Company&#8217;s mitigate net asset exposure in foreign currencies in Chile, after the use of derivative instruments, is a liability amounting to ThCh$ 757,256 (ThCh$ 2,588,053 in 2014).</FONT></FONT></P>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Of the Company&#8217;s total sales, both in Chile and abroad, 8% (8% in 2014 and 8% in 2013) corresponds to export sales made in foreign currencies, mainly US Dollars and Euro and of the total costs 54% (55% in 2014 and 57% in 2013) 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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The Company is also exposed to movements in exchange rates relating to the conversion from Argentine Pesos, Uruguayan Pesos, Paraguayan Guaranis, Bolivians and Colombian Pesos to Chilean Pesos with respect to assets, liabilities, income and expenses of its subsidiaries in Argentina, Uruguay and Paraguay, associated in Bolivia and joint ventures in Colombia. The Company does not cover the risks associated with the conversion of its subsidiaries, which effects are recorded in Equity.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">As of December 31, 2015, the net investment in foreign subsidiaries, associated and joint ventures amounted to ThCh$ 133,554,918, ThCh$ 14,276,937 and ThCh$ 18,718,832 respectively (ThCh$ 127,753,473, ThCh$ 12,757,874 and ThCh$ 1,445,478 in 2014).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Exchange rate sensitivity analysis</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The exchange rate differences effect recognized in the Consolidated Statement of Income for the year ended as of December 31, 2015, related to the foreign currency denominated assets and liabilities, was an income of ThCh$ 957,565 (and a loss of ThCh$ 613,181 in 2014 and ThCh$ 4,292,119&nbsp; in 2013). Considering the exposure as of December 31, 2015, 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&#8217;s income would be loss after taxes of ThCh$ 58,687 (a loss of ThCh$ 204,456 in 2014 and a loss of ThCh$ 85,506 in 2013).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Considering that approximately 8% of the Company&#8217; sales relates to export sales carried out in Chile (8% in 2014 and 2013), in currencies different from the Chilean Peso, and in approximately 54% (55% in 2014 and 57% in 2013) of the Company&#8217;s direct costs are indexed to the US Dollar and assuming that the functional currencies 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&#8217;s income would be income (loss) after taxes of ThCh$ 10,380,193 income (loss) from </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">ThCh$ 10,004,379 in 2014 and ThCh$ 9,320,804 in 2013).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The Company can also be affected by the variation of the exchange rate of where the foreign subsidiaries operate, since the result is converted to Chilean Pesos at the average rate of each month. The result of the operations in the foreign subsidiaries during the year 2015 were ThCh$ 32,141,475 (ThCh $ 29,235,462 in 2014 and ThCh $ 26,738,414 in 2013). Therefore, a depreciation (or appreciation) of 10% in the exchange rate of the Argentine Peso, the Uruguayan Peso and the Paraguayan Guarani against the Chilean Peso, would be a loss (income) before tax of ThCh$ 3,214,147 (ThCh$ 2,923,546 in 2014 and ThCh$ 2,673,841 in 2013).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The net investment in foreign subsidiaries, associated and joint ventures amounted to ThCh$ 133,554,918, ThCh$ 14,276,937 and ThCh$ 18,718,832, respectively (ThCh$ 127,753,473, ThCh$ 12,757,874 and ThCh$ 1,445,4788 in 2014). Assuming a 10% increase or decrease in the Argentine Peso, Uruguayan Peso, Paraguayan Guarani, Bolivians and Colombian Peso against the Chilean Peso, and maintaining constant all the rest of the variables, the increase (decrease) would hypothetically result in income (loss) of ThCh$ 16,655,069 (ThCh$ 14,195,683 in 2014) recorded as a credit (charge) against Equity.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">Interest rates risk</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The interest rate risk mainly originated from the Company&#8217;s financing sources. The main exposure is related to LIBOR and BADLAR variable interest rate indexed obligations. </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">As of December 31, 2015, the Company had a total ThCh$ 20,206,608 in debt indexed to LIBOR (ThCh$ 13,690,987 in 2014). Consequently, as of December 31, 2015, the company&#8217;s financing structure is comprised by (without considering the effects of cross currency swaps effect) in approximately 12% (7% in 2014) in debt with variable interest rates, and 88% (93% in 2014) in debt with fixed interest rates.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-31</FONT></FONT></P></DIV>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">As of December 31, 2015, after considering the effect of interest rates and currency swaps, approximately 97% (100% in 2014) of the Company&#8217;s long-term debt has fixed interest rates.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The terms and conditions of the Company&#8217;s obligations as of December 31, 2015, including exchange rates, interest rates, maturities and effective interest rates, are detailed in Note 27.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Interest rates sensitivity analysis</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The total financial expense recognized in the Consolidated Statement of Income for the twelve month ended December 31, 2015, related to short-term and long-term debts amounted to ThCh$ 23,101,329 (ThCh$ 22,957,482 in&nbsp; 2014 and ThCh$ 24,084,226 in 2013).&nbsp; <FONT face=Arial,sans-serif>Assuming a 100 base point increase (or decrease) in the Interest rate, and maintaining constant all other variables, it is estimated that the effect over the Company&#8217;s income would be loss before taxes of ThCh$ 41,872.</FONT></FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">Inflation risk</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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&#8217;s policy of keeping the unitary net sales in UF constant, as long as the market conditions allow it. </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">* 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&#180;s inflation rate. </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Inflation sensitivity analysis</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The income for total adjustment unit recognized in the Consolidated Statement of Comprehensive Income for the twelve month ended December 31, 2015, related to UF indexed short-term and long-term debt, and resulted in a loss of ThCh$ 3,282,736 (ThCh$&nbsp; 4,159,131 in 2014 and ThCh$ 1,801,765 in 2013). 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$ 3,065,747 (ThCh$ 3,035,371 in 2014 and ThCh$ 2,999,467 in 2013) in the Consolidated Statement of Income.</FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">Raw material price risk</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Barley, malt and cans</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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 2015, the Company purchased 46,620 tons (52,720 tons in 2014) of barley and 53,890 tons (37,315 tons in 2014) of malt. CCU Argentina acquires mainly malt from local producers. Such raw materials represent approximately 9 % (12% in 2014) of the direct cost of Chile Operating segment.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Of the cost of Chile Operating segment, the cost of cans represents approximately 12% of the direct cost in 2015 (12% in 2014). Meanwhile in International business Operating segment the cans cost represent approximately 30% of the direct cost of raw materials in 2015 (20% in 2014).</FONT></FONT></P>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Concentrates, Sugar and plastic containers</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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 approximately 29% in 2015 (29% in 2014 and 27% in 2013) of the direct cost of Chile Operating segment. The company does not engage in hedging the purchases of raw materials.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Grapes and wine</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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. For the last 12 months, approximately 31% of the total wine of VSPT supply comes from its own vineyards. In the export business the own supply for 2015 was 48% (37% for 2014). </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The remaining 69% (77% in 2014) supply is purchased from third parties through long term and spot contracts. During 2015, the subsidiary VSPT acquired 55% (69% in 2014) of the necessary grapes and wine from third parties through spot contracts. It also acquired 14% of its grape needs in 2015 from long term agreements (8% in 2014).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">We must consider that as of December 31, 2015, the wine represents 57% (59% in 2014) of the total direct cost of the Wine Operating Segment, meaning that the supply purchased to third parties represents 31% of the direct cost.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Raw material price sensitivity Analysis</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The total direct cost in the Consolidated Statement of Income for 2015 amounts to ThCh$ 485,391,583 (ThCh$ 433,749,832 in 2014 and ThCh$ 382,645,778 in 2013). 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) before taxes of ThCh$ 24,078,370 (ThCh$ 21,875,405 in 2014 and ThCh$ 20,363,653 in 2013) for Chile Operating segment, ThCh$ 8,444,331 (ThCh$ 5,925,786 in 2014 and ThCh$ 5,421,437 in 2013) for International Business Operating segment, ThCh$ 6,736,734&nbsp;&nbsp;(ThCh$ 6,414,035 in 2014 and ThCh$ 6,180,951 <FONT face=Arial>in </FONT>2013) for Wine Operating segment.</FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">Credit risk</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Domestic market</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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 December 31, 2015, amounts to 88% (87% in 2014) of the total accounts receivable.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Overdue but not impaired commercial accounts receivable corresponds to clients that show delays of less than 21.4 days (18.2 days in 2014).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">As of December 31, 2015, the Company had approximately 998 clients (904 clients in 2014) indebted in over Ch$ 10 million each that together represent approximately 85% (86% in 2014) of the total commercial accounts receivable. There were 217 clients (195 clients in 2014) with balances over Ch$ 50 million each, representing approximately 74% (76% in 2014) of the total accounts receivable. The 93% (94% in 2014) of such accounts receivable are covered by the loan insurance.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The Company believes that no additional credit risk provisions are needed to the individual and collective provisions determined at December 31, 2015, as a large percentage of these are covered by insurance.</FONT></FONT></P>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Exports market</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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 99% (98% in 2014) 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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">As of December 31, 2015, there were 69 clients (72 clients in 2014) indebted for over ThCh$ 65,000 each, which represent 88% (87% in 2014) of the total accounts receivable of the export market.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Overdue but not impaired commercial accounts receivable corresponds to clients that show delays of less than 19 days <BR>(32 days in 2014).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The Company estimates that no loan risk provisions are necessary in addition to the individual and collective provisions determined as of December 31, 2015. See analysis of accounts receivables maturities and losses due to impairment of accounts receivables (Note 15).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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 December 31, 2015.</FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">Tax risk</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Our businesses are taxed with different duties, particularly with excise taxes on the consumption of alcoholic and non-alcoholic beverages.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The Argentine excise tax is 8.7% for beer, and the Chilean excise tax is 20.5% for beer and wine (15% in 2014), 31.5% for spirits (27% in 2014), 18% for sugar content non alcoholic beverages and 10% for no sugar content non alcoholic beverages (13% in 2014). In Uruguay the excise tax is 22% for beer, 19% for sugar content non alcoholic beverages, 12% for no sugar content non alcoholic beverages and 8% for bottled water. As for Paraguay, the excise tax is 9% for beer and 5% for sugar content non alcoholic beverages and bottled water.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">&nbsp;An increase in the rate of these or any other tax could negatively affect our sales and profitability.</FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">Liquidity risk</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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. &nbsp;</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-34</FONT></FONT></P></DIV>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">A summary of the Company&#8217;s financial liabilities with their maturities as of December 31, 2015 and 2014, based on the non-discounted contractual cash flows appears below:</FONT></FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book value</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Contractual flows maturities</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Less than 1 year</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Between 1 and 5 years</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">More than 5 years</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other financial liabilities no derivative</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bank borrowings</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,050,091 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">33,250,667 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">52,025,633 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">- </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">85,276,300 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bond payable</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">74,508,233 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,606,949 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">28,255,440 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">64,742,891 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">98,605,280 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Financial leases obligations</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,559,874 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,505,697 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,148,941 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">28,871,228 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">35,525,866 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Deposits for return of bottles and containers</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,503,170 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,503,170 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">- </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">- </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,503,170 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Sub-Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">180,621,368 </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">52,866,483 </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">85,430,014 </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">93,614,119 </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">231,910,616 </FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative financial liabilities</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative hedge liabilities</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">107,698 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT face="Arial Narrow"><FONT lang=ES-CL style="FONT-SIZE: 8pt">107,876</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT face="Arial Narrow"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT face="Arial Narrow"><FONT lang=ES-CL style="FONT-SIZE: 8pt">107,876</FONT></FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative financial instruments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">171,470 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">171,471</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">171,471</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Sub-Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">279,168 </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT face="Arial Narrow"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">279,347</FONT></B></FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT face="Arial Narrow"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT face="Arial Narrow"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">279,347</FONT></B></FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">180,900,536 </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">53,<FONT face="Arial Narrow">145</FONT>,<FONT face="Arial Narrow">830</FONT> </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">85,<FONT face="Arial Narrow">430,014</FONT> </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">93,614,119 </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">232,189,963 </FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="52%" colSpan=4 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Contractual flows maturities</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 30pt">

   <TD style="HEIGHT: 30pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Less than 1 year</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 30pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Between 1 and 5 years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 30pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">More than 5 years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 30pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other financial liabilities no derivative</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bank borrowings</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">95,822,149</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">51,813,214</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">52,789,648</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">104,602,862</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bond payable</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">73,937,639</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,485,283</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">23,204,531</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">71,545,695</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100,235,509</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Financial leases obligations</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,392,945</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,681,160</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,228,658</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">28,911,336</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">35,821,154</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Deposits for return of bottles and containers</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,787,424</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,787,424</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,787,424</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Sub-Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">198,940,157 </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">70,767,081 </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">81,222,837 </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">100,457,031 </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">252,446,949 </FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative financial liabilities</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative hedge liabilities</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">228,376</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">161,879</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(307,947)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(146,068)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative financial instruments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">684,317</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">684,317</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">684,317</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Sub-Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">912,693 </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">846,196 </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(307,947)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">- </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">538,249 </FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">199,852,850 </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">71,613,277 </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">80,914,890 </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">100,457,031 </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">252,985,198 </FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">View current and non-current book value in </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt">Note 6</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B></B>&nbsp;</H1>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-35</FONT></FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_173"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 45.35pt">

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right>
   <IMG border=0 src="x16042214301500.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 14pt">Note 6 </FONT></B></FONT><FONT color=#003300 face=Arial><B><FONT lang=ES-CL style="FONT-SIZE: 12pt; TEXT-DECORATION: none">Financial Instruments</FONT></B></FONT></H1>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">Financial instruments categories</FONT></I></B></FONT></H3>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The following are the book values of each financial instrument category at the closing of each year:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="27%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Non current</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Non current</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cash and cash equivalents</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">192,554,239</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">214,774,876</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other financial assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,644,105</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">80,217</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,483,652</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">343,184</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Accounts receivable - trade and other receivable </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">252,225,937</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">238,602,893</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Acoounts receivable from related companies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,788,930</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">445,938</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,619,118</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">522,953</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total financial assets</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">463,213,211</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">526,155</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">471,480,539</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">866,137</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bank borrowings</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">27,714,998</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">48,335,093</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">49,137,896</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">46,684,253</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bonds payable</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,155,239</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">71,352,994</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,029,425</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">70,908,214</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Financial leases obligations</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">321,416</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,238,458</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">518,139</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">16,874,806</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative financial instruments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">171,470</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">684,317</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative hedge liabilities</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">107,698</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">161,092</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">67,284</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Deposits for return of bottles and containers</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,503,170</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,787,424</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Total other non-financial liabililities (*)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">43,973,991</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">136,926,545</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">65,318,293</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">134,534,557</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Account payable- trade and other payable</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">227,736,803</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,645,098</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">203,782,805</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">369,506</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Accounts payable to related entities </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,624,218</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,282,312</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total financial liabilities </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">283,335,012</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">138,571,643</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">279,383,410</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">134,904,063</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">(*) See </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt">Note 27 - Other financial liabilities</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">.</FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 12pt 0cm 3pt" align=left><B></B>&nbsp;</H3>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-36</FONT></FONT></P></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_174"></A>

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<DIV>

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<TR style="HEIGHT: 45.35pt">

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right>
   <IMG border=0 src="x16042214301500.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 12pt 0cm 3pt" align=left><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">Financial instruments fair value</FONT></I></B></FONT></H3>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">a)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Composition of financial assets and liabilities:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The following tables show the fair values, based on the financial instrument categories, as compared to the book value included in the Consolidated Statements of Financial Position:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="27%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Fair Value</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Fair Value</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cash and cash equivalents</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">192,554,239</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">192,554,239</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">214,774,876</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">214,774,876</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other financial assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,724,322</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,724,322</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,826,836</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,826,836</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Accounts receivable - trade and other receivable </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">252,225,937</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">252,225,937</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">238,602,893</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">238,602,893</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Acoounts receivable from related companies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,234,868</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,234,868</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,142,071</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,142,071</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total financial assets</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">463,739,366</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">463,739,366</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">472,346,676</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">472,346,676</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bank borrowings</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,050,091</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">77,380,452</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">95,822,149</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">98,167,470</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bonds payable</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">74,508,233</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">80,087,449</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">73,937,639</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">80,134,117</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Financial leases obligations</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,559,874</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">29,104,078</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,392,945</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">28,975,321</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative financial instruments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">171,470</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">171,470</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">684,317</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">684,317</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative hedge liabilities</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">107,698</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">107,698</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">228,376</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">228,376</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Deposits for return of bottles and containers</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,503,170</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,503,170</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,787,424</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,787,424</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Total other non-financial liabililities (*)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">180,900,536</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">199,354,317</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">199,852,850</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">219,977,025</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Account payable- trade and other payable</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">229,381,901</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">229,381,901</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">204,152,311</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">204,152,311</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Accounts payable to related entities </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,624,218</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,624,218</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,282,312</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,282,312</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total financial liabilities </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">421,906,655</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">440,360,436</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">414,287,473</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">434,411,648</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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 &nbsp;&nbsp;&nbsp; or to variables and prices obtained from third parties.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The fair value of bank borrowings and Bonds payable have hierarchy level 2 of fair value.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">b)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Financial instruments as per category:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 60pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="47%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Fair value with changes in income</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Cash and cash equivalents and loans and accounts receivables </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Hedge derivatives </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Financial assets </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative financial instruments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,365,572</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">816,622</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,182,194</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Marketable securities and investments in other companies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,542,128</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,542,128</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total other financial assets</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,907,700</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">816,622</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,724,322</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cash and cash equivalents</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">192,554,239</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">192,554,239</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Accounts receivable-trade and other receivables </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">252,225,937</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">252,225,937</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Account receivable from to related companies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,234,868</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,234,868</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,907,700</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">450,015,044</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">816,622</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">463,739,366</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-37</FONT></FONT></P></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_175"></A>

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<TR style="HEIGHT: 45.35pt">

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right>
   <IMG border=0 src="x16042214301500.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 60pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="47%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Fair value with changes in income</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Hedge derivatives </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Financial libilities measured at amortized cost</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Financial liabilities </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bank borrowings</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,050,091</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,050,091</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bonds payable</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">74,508,233</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">74,508,233</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Financial leases obligations</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,559,874</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,559,874</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Deposits for return of bottles and containers</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,503,170</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,503,170</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative financial instruments </FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">171,470</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">107,698</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">279,168</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total others financial liabililities </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">171,470</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">107,698</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">180,621,368</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">180,900,536</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Account payable- trade and other payable</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">229,381,901</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">229,381,901</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Accounts payable to related entities </FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,624,218</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,624,218</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">171,470</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">107,698</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">421,627,487</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">421,906,655</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 63.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 63.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="47%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 63.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Fair value with changes in income</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 63.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Cash and cash equivalents and loans and accounts receivables </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 63.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Hedge derivatives </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 63.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Financial assets</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative financial instruments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,467,620</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">343,184</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,810,804</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Marketable securities and investments in other companies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,016,032</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,016,032</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total other financial assets</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,483,652</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">343,184</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,826,836</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cash and cash equivalents</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">214,774,876</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">214,774,876</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Accounts receivable-trade and other receivables </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">238,602,893</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">238,602,893</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Account receivable from to related companies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,142,071</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,142,071</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,483,652</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">465,519,840</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">343,184</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">472,346,676</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 60pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="47%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Fair value with changes in income</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Hedge derivatives </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Financial libilities measured at amortized cost</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Financial liabilities </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bank borrowings</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">95,822,149</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">95,822,149</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bonds payable</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">73,937,639</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">73,937,639</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Financial leases obligations</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,392,945</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,392,945</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Deposits for return of bottles and containers</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,787,424</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,787,424</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative financial instruments </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">684,317</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">228,376</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">912,693</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total others financial liabililities </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">684,317</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">228,376</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">198,940,157</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">199,852,850</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Account payable- trade and other payable</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">204,152,311</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">204,152,311</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Accounts payable to related entities </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,282,312</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,282,312</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">684,317</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">228,376</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">413,374,780</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">414,287,473</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-38</FONT></FONT></P></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_176"></A>

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<DIV>

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<TR style="HEIGHT: 45.35pt">

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right>
   <IMG border=0 src="x16042214301500.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">Derivative Instruments</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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 year is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="40%" colSpan=4 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="40%" colSpan=4 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 25.5pt">

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Number agreements</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Notional amounts thousand</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Asset</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Liability</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Number agreements</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Notional amounts thousand</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Asset</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Liability</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 23.25pt">

   <TD style="HEIGHT: 23.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Cross interest rate swaps USD/USD</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 23.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 23.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,094</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 23.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 23.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">107,698</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 23.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 23.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">18,185</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 23.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 23.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">184,999</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Less than a year</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#ccffcc face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,094</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">107,698</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,185</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">117,713</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Between 1 and 5 years</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#ccffcc face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">67,286</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 23.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 23.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Cross currency interest rate swaps USD/EURO</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 23.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 23.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,353</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 23.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">816,622</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 23.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 23.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 23.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,499</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 23.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">343,184</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 23.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">43,377</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Less than a year</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#ccffcc face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,477</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">736,405</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">63</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">43,377</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Between 1 and 5 years</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#ccffcc face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,877</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">80,217</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,436</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">343,184</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Forwards USD</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">27</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">148,404</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,276,156</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">117,151</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">30</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">93,709</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,467,620</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">570,413</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Less than a year</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#ccffcc face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">27</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">148,404</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,276,156</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">117,151</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">30</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">93,709</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,467,620</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">570,413</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Forwards Euro</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">7</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,981</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">57,834</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">52,368</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">8</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,975</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">98,507</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Less than a year</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#ccffcc face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,981</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">57,834</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">52,368</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,975</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">98,507</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Forwards CAD</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">4</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,500</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">18,192</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,951</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">870</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,622</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Less than a year</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#ccffcc face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,500</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">18,192</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,951</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">870</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,622</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Forwards GBP</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">3</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">865</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,390</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,060</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,775</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Less than a year</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#ccffcc face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">865</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,390</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,060</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,775</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total derivative instruments</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">44</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,182,194</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">279,168</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">44</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,810,804</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">912,693</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<DIV align=left>&nbsp;</DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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 gains (losses), separately from the hedged item.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-39</FONT></FONT></P></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_177"></A>

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<TR style="HEIGHT: 45.35pt">

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right>
   <IMG border=0 src="x16042214301803.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">In the case of Cross Currency Interest Rate Swaps and the Cross Interest Rate Swaps, these qualify as cash flow hedges of the flows related to loans from Banco de Chile and Banco Scotiabank. See additional disclosures in </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Note 27</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="100%" colSpan=8 noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 48.75pt">

   <TD style="HEIGHT: 48.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Entity</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 48.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=3 width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Nature of risks covered</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 48.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Rights</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 48.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Obligations</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 48.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Fair value of net asset (liabilities)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 48.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=3 width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Maturity</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Currency</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Amount</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Currency</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Amount</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Amount</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Scotiabank</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Interest rate and exchange rate in bank obligations</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,700,299</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">EUR</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,589,172</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">111,127</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">18-06-2018</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Interest rate and exchange rate in bank obligations</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,205,865</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">EUR</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,500,370</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">705,495</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11-07-2016</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Interest rate on bank loans</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,227,245</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,334,943</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(107,698)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">07-07-2016</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="100%" colSpan=8 noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 48.75pt">

   <TD style="HEIGHT: 48.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Entity</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 48.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=3 width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Nature of risks covered</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 48.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Rights</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 48.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Obligations</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 48.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Fair value of net asset (liabilities)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 48.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=3 width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Maturity</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Currency</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Amount</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Currency</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Amount</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Amount</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Scotiabank</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Interest rate on bank loans</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,862,197</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,870,405</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(8,208)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">22-06-2015</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Interest rate and exchange rate on bank loans</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,718,035</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">EUR</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,418,228</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">299,807</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11-07-2016</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Interest rate on bank loans</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,128,184</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,304,976</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(176,792)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">07-07-2016</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR></TABLE></DIV>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt"><FONT color=windowtext face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt; FONT-WEIGHT: normal; FONT-STYLE: normal">The Consolidated Statement of Other Comprehensive Income includes under the caption cash flow hedge, for the years ended December 31, 2015,&nbsp;a debit before income taxes of ThCh$ 80,693 (a credit before incomes taxes of ThCh$ 155,258 and a debit of ThCh$ 256,592, in 2014 and 2013, respectively), relating to the fair value of the Cross Currency Interest Swap and Cross Interest Rate Swap derivatives instruments.</FONT></FONT></H3>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">Fair value hierarchies</FONT></I></B></FONT></H3>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Level 1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fair values obtained through direct reference to quoted market prices, without any adjustment.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70.5pt; TEXT-INDENT: -70.5pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Level 2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70.5pt; TEXT-INDENT: -70.5pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Level 3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair values obtained through internally developed models or methodologies that use information which may not be observed or which is illiquid.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

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<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-40</FONT></FONT></P></DIV>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

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   <IMG border=0 src="x16042214301803.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The fair value of financial instruments recorded at fair value in the Consolidated Financial Statements, are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="47%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Recorded fair value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="40%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Fair value hierarchy </FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Level 1</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Level 2</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Level 3</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative financial instruments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,365,572</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,365,572</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Market securities and investments in other companies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,542,128</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,542,128</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative hedge assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">816,622</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">816,622</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Fair value financial assets </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,724,322</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,542,128</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,182,194</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative hedge liabilities </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">107,698</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">107,698</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative financial instruments </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">171,470</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">171,470</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Fair value financial liabilities</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">279,168</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">279,168</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">&nbsp;</TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="47%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Recorded fair value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="40%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Fair value hierarchy </FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Level 1</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Level 2</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Level 3</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative financial instruments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,467,620</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,467,620</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Market securities and investments in other companies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,016,032</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,016,032</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative hedge assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">343,184</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">343,184</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Fair value financial assets </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,826,836</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,016,032</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,810,804</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative hedge liabilities </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">228,376</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">228,376</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivative financial instruments </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">684,317</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">684,317</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Fair value financial liabilities</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">912,693</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">912,693</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">During year ended as of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, the Company has not made any significant instrument transfer between levels 1 and 2.</FONT></FONT></P>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt"><FONT color=#003300 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt">Credit Quality of financial assets</FONT></I></B></FONT></H3>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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&nbsp; are available in the local market) and payment capacity and equity situation. The uncollectible rate during the last two years has not been significant.</FONT></FONT></P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B></B>&nbsp;</H1>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-41</FONT></FONT></P></DIV>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 14pt">Note 7 </FONT></B></FONT><FONT color=#003300 face=Arial><B><FONT lang=EN-GB style="FONT-SIZE: 12pt; TEXT-DECORATION: none">Financial Information as per operating segments</FONT></B></FONT></H1>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT face=arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company has defined three Operating segments, essentially defined with respect to its revenues in the geographic areas of commercial activity: 1. Chile, 2. International business and 3. Wine. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT face=arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">From the fourth quarter of 2015 onwards, was created the Committee of International Business, which brings together management of the business activities regarding the geographical areas Argentina, Uruguay and Paraguay. Following this change, the R&#237;o de la Plata Operating segment (consisting of the business activities referred to) will be renamed into the International Business Operating Segment. The Committee of International Business will at the same time represent and look after the interests associated with the investments in Bolivia and Colombia, which will continue to report its results under Equity and income of JVs and associated on a consolidated basis.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT face=arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">These Operating segments mentioned are consistent with the way the Company is managed and how results are reported by CCU. These segments reflect separate operating results which are regularly reviewed by each segment chief operating decision maker in order to make decisions about the resources to be allocated to the segment and assess its performance. </FONT></FONT></P>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Operating segment</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Products</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Beers, non-alcoholic beverages and spirits.</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">International business</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Beers, cider, non-alcoholic beverages and spirits in Argentina, Uruguay and Paraguay.</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Wines</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Wines, mainly in export markets to more 80 countries.</FONT></FONT></P></TD></TR>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT face=arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Corporate revenues and expenses are presented separately within the Other segment. In addition this segment presents the elimination of transactions between segments.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT face=arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company does not have any customers representing more than 10% of consolidated revenues.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT face=arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The detail of the segments is presented in the following tables.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-42</FONT></FONT></P></DIV>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">a)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Information as per operating segments for the years ended as of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015 and 2014</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">:</FONT></FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile Operating segment</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">International business segment operation</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Wines operating segment</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Others</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Total</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">2015</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">2014</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">2015</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">2014</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">2015</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">2014</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">2015</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">2014</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">2015</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">2014</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

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   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

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   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales revenue external customers</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">885,769,609</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">813,639,952</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">400,051,022</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">292,152,707</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">184,169,165</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">168,139,809</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,469,989,796</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,273,932,468</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Other income</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">10,238,408</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">9,100,957</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">4,708,728</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">3,992,902</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">5,214,674</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">3,918,028</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">8,220,109</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">7,021,944</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">28,381,919</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">24,033,831</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales revenue between segments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">6,013,177</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">7,600,483</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">953,967</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">3,522,074</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">131,209</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">290,716</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(7,098,353)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(11,413,273)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Net sales</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">902,021,194</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">830,341,392</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">405,713,717</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">299,667,683</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">189,515,048</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">172,348,553</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,121,756</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(4,391,329)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,498,371,715</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,297,966,299</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; Change %</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">8.6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">35.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">10.0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">15.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Cost of sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(420,297,983)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(383,558,625)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(162,665,341)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(136,174,602)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(105,956,281)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(97,523,601)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">3,844,354</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">12,720,013</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(685,075,251)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(604,536,815)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; % of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">46.6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">46.2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">40.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">45.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">55.9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">56.6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">45.7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">46.6</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Gross margin</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">481,723,211</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">446,782,767</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">243,048,376</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">163,493,081</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">83,558,767</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">74,824,952</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">4,966,110</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">8,328,684</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">813,296,464</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">693,429,484</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; % of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">53.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">53.8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">59.9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">54.6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">44.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">43.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">54.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">53.4</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">MSD&amp;A (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(328,488,527)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(317,765,236)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(216,098,525)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(154,299,739)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(51,070,291)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(50,284,130)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(16,907,433)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(13,253,897)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(612,564,776)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(535,603,002)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; % of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">36.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">38.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">53.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">51.5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">26.9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">29.2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">40.9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">41.3</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Other operating income (expenses)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">688,920</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">722,478</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">3,315,892</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">20,173,967</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">44,823</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">238,952</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">155,675</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">2,585,913</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">4,205,310</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">23,721,310</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 6pt">Operating result before Exceptional Items (EI)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">153,923,604</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">129,740,009</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">30,265,743</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">29,367,309</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">32,533,299</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">24,779,774</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(11,785,648)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(2,339,300)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">204,936,998</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">181,547,792</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; Change %</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">18.6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">3.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">31.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">12.9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; % of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">17.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">15.6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">7.5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">9.8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">17.2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">14.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">13.7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">14.0</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Exceptional Items (EI) (2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,214,505)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(412,995)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,627,500)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Operating result (3)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">153,923,604</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">129,740,009</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">30,265,743</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">28,152,804</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">32,533,299</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">24,779,774</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(11,785,648)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(2,752,295)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">204,936,998</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">179,920,292</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; Change %</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">18.6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">7.5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">31.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">13.9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; % of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">17.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">15.6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">7.5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">9.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">17.2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">14.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">13.7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">13.9</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Net financial expense</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(15,255,586)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(10,820,891)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 17.25pt">

   <TD style="HEIGHT: 17.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 6pt">Equity and income of associates and joint ventures</FONT></FONT></P></TD>

   <TD style="HEIGHT: 17.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 17.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 17.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 17.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 17.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 17.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 17.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 17.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 17.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(5,228,135)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 17.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(898,607)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Foreign currency exchange differences</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">957,565</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(613,181)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 6pt">Results as per adjustment units</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(3,282,736)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(4,159,131)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Other gains (losses)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">8,512,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">4,036,939</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Income before taxes</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">190,640,106</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">167,465,421</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Income taxes</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(50,114,516)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(46,673,500)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Net income for year</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">140,525,590</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">120,791,921</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Non-controlling interests</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">19,717,455</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">14,553,471</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 6pt">Net income attributable to equity holders of the parent</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">120,808,135</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">106,238,450</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Depreciation and amortization</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">45,766,393</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">38,832,969</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">14,334,415</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">11,194,117</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">7,568,991</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">7,115,790</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">13,897,003</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">11,464,690</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">81,566,802</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">68,607,566</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ORBDA before EI</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">199,689,997</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">168,572,978</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">44,600,158</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">40,561,426</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">40,102,290</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">31,895,564</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">2,111,355</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">9,125,390</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">286,503,800</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">250,155,358</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; Change %</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">18.5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">10.0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">25.7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">14.5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; % of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">22.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">20.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">11.0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">13.5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">21.2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">18.5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">19.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">19.3</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ORBDA (4)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">199,689,997</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">168,572,978</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">44,600,158</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">39,346,921</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">40,102,290</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">31,895,564</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">2,111,355</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">8,712,395</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">286,503,800</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">248,527,858</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; Change %</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">18.5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">13.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">25.7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">15.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; % of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">22.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">20.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">11.0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">13.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">21.2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">18.5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">19.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">19.1</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

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<P>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">(1)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">MSD&amp;A, included Marketing, Selling, Distribution and Administrative expenses. </FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 33.05pt 0pt 14.2pt; TEXT-INDENT: -14.2pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">(2)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">Exceptional Items are income or expenses that do not occur regularly as part of the normal activities of the Company. It&#8217;s presented separately because its important items for the understanding the normal operations of the Company due to importance or nature.</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt"> </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">During the year 2014, the Company has considered this result as an Exceptional Items related to different restructuring process of operating segments.</FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 33.05pt 0pt 14.2pt; TEXT-INDENT: -14.2pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">(3)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">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).</FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 33.05pt 0pt 14.2pt; TEXT-INDENT: -14.2pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">(4)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">ORBDA (For management purpose we have defined as Operating Result before Depreciation and Amortization).</FONT></FONT></P>

<P>&nbsp;</P></DIV>

<P>&nbsp;</P></DIV></DIV></DIV></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-43</FONT></FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_181"></A>

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<TR style="HEIGHT: 45.35pt">

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right>
   <IMG border=0 src="x16042214301900.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">b)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Information as per operating segments for the years ended as of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2014 and 2013</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">:</FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 8.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile Operating segment</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">International business segment operation</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Wines operating segment</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Others</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="16%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Total</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">2013</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">2013</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">2013</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">2013</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales revenue external customers</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">813,639,952</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">751,079,523</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">292,152,707</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">274,029,865</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">168,139,809</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">146,938,005</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,273,932,468</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,172,047,393</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Other income</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">9,100,957</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">8,560,450</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">3,992,902</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">7,405,658</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">3,918,028</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">4,524,947</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">7,021,944</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">4,688,062</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">24,033,831</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">25,179,117</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales revenue between segments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">7,600,483</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">5,555,707</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">3,522,074</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">999,777</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">290,716</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">792,495</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(11,413,273)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(7,347,979)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Net sales</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">830,341,392</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">765,195,680</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">299,667,683</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">282,435,300</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">172,348,553</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">152,255,447</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(4,391,329)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(2,659,917)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,297,966,299</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,197,226,510</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; Change %</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">8.5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">6.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">13.2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">8.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Cost of sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(383,558,625)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(343,230,330)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(136,174,602)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(113,264,790)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(97,523,601)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(92,864,092)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">12,720,013</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">12,662,578</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(604,536,815)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(536,696,634)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; % of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">46.2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">44.9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">45.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">40.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">56.6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">61.0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">46.6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">44.8</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Gross margin</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">446,782,767</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">421,965,350</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">163,493,081</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">169,170,510</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">74,824,952</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">59,391,355</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">8,328,684</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">10,002,661</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">693,429,484</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">660,529,876</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; % of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">53.8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">55.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">54.6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">59.9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">43.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">39.0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">53.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">55.2</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">MSD&amp;A (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(317,765,235)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(275,202,656)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(154,299,739)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(142,972,002)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(50,284,131)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(46,036,147)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(13,253,897)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(9,312,740)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(535,603,002)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(473,523,545)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; % of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">38.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">36.0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">51.5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">50.6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">29.2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">30.2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">41.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">39.6</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Other operating income (expenses)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">722,478</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,385,111</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">20,173,967</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,038,067</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">238,952</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(166,311)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">2,585,913</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,991,965</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">23,721,310</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">4,248,832</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 16.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 6pt">Operating result before Exceptional Items (EI) &nbsp;</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">129,740,010</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">148,147,805</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">29,367,309</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">27,236,575</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">24,779,773</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">13,188,897</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(2,339,300)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">2,681,886</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">181,547,792</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">191,255,163</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; Change %</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(12.4)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">7.8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">87.9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(5.1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; % of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">15.6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">19.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">9.8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">9.6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">14.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">8.7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">14.0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">16.0</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Exceptional Items (EI) (2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(780,458)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,214,505)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(543,111)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(275,700)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(412,995)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,390,060)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,627,500)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(2,989,329)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Operating result (3)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">129,740,010</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">147,367,347</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">28,152,804</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">26,693,464</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">24,779,773</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">12,913,197</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">(2,752,295)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,291,826</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">179,920,292</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">188,265,834</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; Change %</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(12.0)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">5.5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">91.9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(4.4)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; % of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">15.6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">19.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">9.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">9.5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">14.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">8.5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">13.9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">16</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Net financial expense</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(10,820,891)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(15,830,056)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 6pt">Equity and income of associates and joint ventures</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(898,607)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">308,762</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Foreign currency exchange differences</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(613,181)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(4,292,119)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 6pt">Results as per adjustment units</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(4,159,131)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,801,765)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Other gains (losses)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">4,036,939</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">958,802</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Income before taxes</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">167,465,421</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">167,609,458</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Income taxes</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(46,673,500)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(34,704,907)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Net income for year</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">120,791,921</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">132,904,551</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Non-controlling interests</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">14,553,471</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">9,868,543</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 16.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 6pt">Net income attributable to equity holders of the parent</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">106,238,450</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">123,036,008</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Depreciation and amortization</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">38,832,969</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">37,534,253</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">11,194,117</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">9,957,053</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">7,115,790</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">7,238,886</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">11,464,690</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">9,516,304</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">68,607,566</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">64,246,496</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ORBDA before EI</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">168,572,979</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">185,682,058</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">40,561,426</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">37,193,628</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">31,895,563</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">20,427,783</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">9,125,390</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">12,198,190</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">250,155,358</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">255,501,659</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; Change %</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(9.2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">9.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">56.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(2.1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; % of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">20.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">24.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">13.5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">13.2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">18.5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">13.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">19.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">21.3 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ORBDA (4)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">168,572,979</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">184,901,600</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">39,346,921</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">36,650,517</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">31,895,563</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">20,152,083</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">8,712,395</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">10,808,130</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">248,527,858</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">252,512,330</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; Change %</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(8.8)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">7.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">58.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1.6)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp; % of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">20.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">24.2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">13.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">13.0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">18.5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">13.2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">19.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">21.1</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 33.05pt 0pt 21.3pt; TEXT-INDENT: -18pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">(1)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">MSD&amp;A, included Marketing, Selling, Distribution and Administrative expenses. </FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 33.05pt 0pt 21.3pt; TEXT-INDENT: -18pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">(2)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">Exceptional Items are income or expenses that do not occur regularly as part of the normal activities of the Company. It&#8217;s presented separately because its important items for the understanding the normal operations of the Company due to importance or nature.For the year 2013, the Company</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt"> </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">has considered this result as an Exceptional items (EI) related to restructuring process which implied the early retirement of managers replaced internally, promotions and the sole and exceptional payments of incentives to the leaving and remaining personnel.</FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 33.05pt 0pt 21.3pt; TEXT-INDENT: -18pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">(3)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">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).</FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 33.05pt 0pt 21.3pt; TEXT-INDENT: -18pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">(4)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">ORBDA (For management purpose we have defined as Operating Result before Depreciation and Amortization).</FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 33.05pt 0pt 3.3pt" align=left>&nbsp;</P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-44</FONT></FONT></P>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt">Sales information by geographic location</FONT></I></B></FONT></P>

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<TR style="HEIGHT: 30pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Net sales per geographical location</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="41%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended as of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,081,835,420 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">991,938,043 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">907,947,965 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">366,886,701 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">264,631,403 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">279,342,525 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">14,432,950 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,204,806 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,936,020 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Paraguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">35,216,644 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">30,192,047 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">- </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,498,371,715</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,297,966,299</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,197,226,510</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">See distribution of domestic and exports revenues in</FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt"> Note 9</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Depreciation and amortization as per operating segments</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 30pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Property, plant and equipment depreciation and amortization of software</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="41%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended as of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile Operating segment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">45,766,393 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">38,832,969 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">37,534,253 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">International business segment operation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">14,334,415 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,194,117 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,957,053 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Wines operating segment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,568,991 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,115,790 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,238,886 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,897,003 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,464,690 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,516,304 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">81,566,802</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">68,607,566</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">64,246,496</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">(1)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">Others includes depreciation and amortization corresponding to the Corporate Support Units and Strategic Service Units.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-45</FONT></FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_183"></A>

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<TR style="HEIGHT: 45.35pt">

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right>
   <IMG border=0 src="x16042214301902.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Capital expenditures as per operating segments</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 30pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Capital expenditures (property, plant and equipment and software additions)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="41%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended as of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile Operating segment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">72,292,561 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">85,904,965 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">70,441,360 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">International business segment operation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">27,871,662 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">33,481,407 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">29,779,226 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Wines operating segment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,052,863 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,686,080 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,839,881 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,513,836 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">98,007,700 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,498,562 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">131,730,922</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">230,080,152</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">124,559,029</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 6pt">(1)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">Others includes the capital investments corresponding to the Corporate Support Units and Strategic Service Units.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Assets as per operating segments</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="72%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Assets per segment</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile Operating segment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">685,295,557 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">653,728,891 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">International business segment operation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">256,319,478 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">275,037,618 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Wines operating segment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">308,288,465 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">297,145,081 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">573,453,051 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">542,989,483 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,823,356,551 </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,768,901,073 </FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 68.05pt; TEXT-INDENT: -68.05pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">(1)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">Others includes goodwill and the assets corresponding to the Corporate Support Units and Strategic Service Units.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 8pt">&nbsp;&nbsp;&nbsp;&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></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Assets per geographic location</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="72%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Assets per geographical location</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,555,550,811 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,480,587,584 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">188,897,724 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">211,886,432 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">25,703,157 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">23,971,219 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Paraguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">53,204,859 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">52,455,838 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,823,356,551 </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,768,901,073 </FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Liabilites as per operating segments</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 38.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 38.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="72%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Liabilites per segments</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 38.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 38.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile Operating segment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">328,182,912 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">370,380,118 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">International business segment operation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">97,680,139 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">125,647,902 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Wines operating segment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">102,780,420 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99,164,051 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">107,190,935 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">25,209,084 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">635,834,406 </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">620,401,155 </FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 68.05pt; TEXT-INDENT: -68.05pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">(1)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">O</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">thers includes liabilites corresponding to the Corporate Support Units and Strategic Service Units.</FONT></FONT></P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-46</FONT></FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_184"></A>

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<DIV>

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<TR style="HEIGHT: 45.35pt">

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right>
   <IMG border=0 src="x16042214301903.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Operating Segment&#8217;s additional information</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Consolidated Statement of Income classified according to the Company&#8217;s operations management is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 36pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 36pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="50%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">CONSOLIDATED STATEMENT OF INCOME</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 36pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=3 width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Notes</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 36pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="40%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Sales revenue external customers</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,469,989,796</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,273,932,468</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,172,047,393</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other income</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">28,381,919</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">24,033,831</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">25,179,117</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Net sales</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,498,371,715</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,297,966,299</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,197,226,510</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Change %</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">15.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cost of sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(685,075,251)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(604,536,815)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(536,696,634)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">% of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">45.7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">46.6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">44.8</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Gross margin</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">813,296,464</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">693,429,484</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">660,529,876</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">% of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">54.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">53.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">55.2</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">MSD&amp;A (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(612,564,776)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(535,603,002)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(473,523,545)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">% of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">40.9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">41.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">39.6</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other operating income (expenses)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,205,310</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">23,721,310</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,248,832</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Operating result before Exceptional Items (EI) </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">204,936,998</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">181,547,792</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">191,255,163</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Change %</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12.9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(5.1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">% of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13.7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">14.0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">16.0</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Exceptional Items (EI) (2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,627,500)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(2,989,329)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Operating result (3)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">204,936,998</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">179,920,292</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">188,265,834</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Change %</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13.9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(4.4)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">% of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13.7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13.9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">15.7</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Net financial expense</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(15,255,586)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(10,820,891)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(15,830,056)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Equity and income of associates and joint ventures</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">20</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(5,228,135)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(<FONT color=black face="arial narrow,sans-serif">898,607</FONT>)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">308,762</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Foreign currency exchange differences</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">957,565</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(613,181)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(4,292,119)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Results as per adjustment units</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(3,282,736)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(4,159,131)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,801,765)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other gains (losses)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,512,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,036,939</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">958,802</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Income before taxes</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">190,640,106</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">167,465,421</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">167,609,458</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Income taxes</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">26</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(50,114,516)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(46,673,500)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(34,704,907)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Net income for year</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">140,525,590</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">120,791,921</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">132,904,551</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Non-controlling interests</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">32</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,717,455</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">14,553,471</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,868,543</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Net income attributable to equity holders of the parent</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">120,808,135</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">106,238,450</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">123,036,008</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Depreciation and amortization</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">81,566,802</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">68,607,566</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">64,246,496</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ORBDA before EI</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">286,503,800</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">250,155,358</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">255,501,659</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Change %</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">14.5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(2.1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">% of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21.3</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ORBDA (4)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">286,503,800</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">248,527,858</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">252,512,330</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Change %</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: white; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">15.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1.6)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">% of Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21.1</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">See definition of (1), (2), (3) and (4) in information as per Operating segment. </FONT></FONT></P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-47</FONT></FONT></P>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right>
   <IMG border=0 src="x16042214301904.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT color=windowtext face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 8pt; FONT-WEIGHT: normal; FONT-STYLE: normal">(4) The following is a reconciliation of our income operational activities, the most directly comparable IFRS measure to Operating Result for the years ended on&nbsp;December 31, 2015, 2014 and 2013:</FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 36pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 36pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 36pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="41%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Income from operational activities</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">213,448,998</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">183,957,231</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">189,224,636</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Add (Subtract):</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Results derivative contracts</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(9,839,675)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(4,152,548)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(2,390,493)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Marketable securities to fair value</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(36,280)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">103,306</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">107,914</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,363,955</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,303</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,323,777</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Exceptional Items (EI) (2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,627,500</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,989,329</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Operating result before EI</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">204,936,998</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">181,547,792</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">191,255,163</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Exceptional Items (EI) (2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,627,500)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(2,989,329)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Operating result (1)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">204,936,998</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">179,920,292</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">188,265,834</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">See definition of (1) and (2) in information as per Operating segment.</FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>&nbsp;</DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B></B>&nbsp;</H1>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-48</FONT></FONT></P>

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<TR style="HEIGHT: 45.35pt">

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right>
   <IMG border=0 src="x16042214301904.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 14pt">Note 8 </FONT></B></FONT><FONT color=#003300 face=Arial><B><FONT lang=ES-CL style="FONT-SIZE: 12pt; TEXT-DECORATION: none">Business Combinations </FONT></B></FONT></H1>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=ES style="FONT-SIZE: 9pt">a) Bebidas del Paraguay S.A. and Distribuidora del Paraguay S.A.</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-STYLE: normal">Year 2013 Acquisitions</FONT></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">During</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt"> December 2013, the Company acquired 50.005% and 49.96% of the stock of Bebidas del Paraguay S.A. and Distribuidora del Paraguay S.A., respectively. This transaction allows the Company, to participate in the beer distribution business, and production and marketing of non-alcoholic drinks, waters and nectars. The total amount of this transaction was ThCh$ 11,254,656.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On June 9, 2015 the committed equity of ThCh$7,414,290 was paid. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">For the acquisition of the Paraguayan companies, the Company have been determined the fair values of the assets, liabilities and contingent liabilities, generating goodwill and trademarks for an amount of ThCh$ 5,566,003 and <BR>ThCh$ 3,658,167, respectively, among others (</FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Note 21 and 22</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On December 23, 2014, the Company signed a contract with its subsidiary CCU Inversiones II Limited, in which the last acquired all of stock of Bebidas del Paraguay S.A. and Distribuidora del Paraguay S.A.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Bebidas del Paraguay S.A. (BdP) and Distribuidora del Paraguay S.A. (DdP) are considered as an economic group that share operational and financial strategy. BdP manufactures products with different brands of its property. DdP is sole and exclusive customer, which is responsible for the distribution and marketing of its products, reason why BdP is it consolidates DdP.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt">b) Manantial S.A.</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-STYLE: normal">Year 2013 Acquisitions</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On June 7, 2013, the Company proceeded to pay outstanding balance of ThCh$ 1,781,909 related to the acquisition of Manantial S.A. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt">c) </FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of December 31, 2015, the Company has not made business combinations.</FONT></FONT></P>

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<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 14pt">Note 9 </FONT></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 12pt">Net Sales</FONT></B></FONT></H1>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Net sales distributed between domestic and export, are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="41%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended as of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Domestic sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,374,282,584</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,188,231,333</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,102,834,492</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Exports sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">124,089,131</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">109,734,966</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">94,392,018</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,498,371,715</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,297,966,299</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,197,226,510</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B></B>&nbsp;</H1>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-49</FONT></FONT></P>

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<TR style="HEIGHT: 45.35pt">

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right>
   <IMG border=0 src="x16042214301904.gif"></P></TD></TR></TABLE></DIV>

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<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 14pt">Note 10 </FONT></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 12pt">Nature of cost and</FONT></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 12pt"> expense</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Operational cost and expense grouped by natural classification are as follows:</FONT></FONT></P>

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<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 26.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 26.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 26.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="41%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended as of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Raw material cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">485,391,583</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">433,749,832</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">382,645,778</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Materials and maintenance expense</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">43,093,939</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">38,678,842</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">32,596,344</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Personnel expense (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">197,915,151</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">169,331,464</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">155,010,442</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Transportation and distribution</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">234,431,464</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">201,371,151</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">184,417,248</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Advertising and promotion expense</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">117,921,841</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">105,649,991</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">85,063,591</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Lease expense</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,641,122</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,347,091</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,201,288</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Energy expense</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">25,178,032</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">29,566,627</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">25,398,656</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Depreciation and amortization</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">81,566,802</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">68,607,566</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">64,246,496</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other expenses</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100,872,027</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">83,207,159</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">72,889,696</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,300,011,961</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,143,509,723</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,014,469,539</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT color=windowtext face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 7pt; FONT-WEIGHT: normal; FONT-STYLE: normal">(1)</FONT></FONT><FONT color=windowtext face="times new roman"><FONT lang=ES-CL style="FONT-SIZE: 7pt; FONT-WEIGHT: normal; FONT-STYLE: normal">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">See</FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt"> Note 31 Employee benefits.</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 32.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 32.2pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 14pt">Note 11 </FONT></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 12pt">Financial results</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The financial income composition for the year ended as of December 31, 2015, 2014 and 2013, is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 27pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="41%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended as of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Financial Results</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Financial income</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,845,743</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,136,591</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,254,170</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Financial cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(23,101,329)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(22,957,482)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(24,084,226)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Foreign currency exchange differences</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">957,565</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(613,181)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(4,292,119)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Result as per adjustment units</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(3,282,736)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(4,159,131)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,801,765)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(17,580,757)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(15,593,203)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(21,923,940)</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 14pt">Note 12 </FONT></B></FONT><FONT color=#003300 face=Arial><B><FONT lang=ES-CL style="FONT-SIZE: 12pt; TEXT-DECORATION: none">Other income by function </FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The detail of other income by function is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 27pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 0cm" vAlign=bottom width="62%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other income by function</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="38%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended as of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 0cm" width="62%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="12%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 0cm" width="62%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="12%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="62%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Sales of fixed assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,644,435</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,146,816</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,381,160</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="62%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Lease expense</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">245,285</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="3%">&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">364,388</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">318,830</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="62%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,687,524</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,952,512</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,808,873</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 0cm" width="62%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,577,244</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">25,463,716</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,508,863</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp;</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">(1)&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">Under this amount includes, the positive one-time effect compensations received by our Argentine subsidiary CICSA for an amount 227,245 thousands of Argentine pesos (equivalent to MUS$ 34,200), for the termination of the contract which allowed us to import and distribute on an exclusive basis, Corona and Negra Modelo beers in Argentina and the license for the production and distribution of Budweiser beer in Uruguay.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B></B>&nbsp;</H1>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-50</FONT></FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_188"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 45.35pt">

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right>
   <IMG border=0 src="x16042214301904.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 14pt">Note 13 </FONT></B></FONT><FONT color=#003300 face=arial><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-DECORATION: none">Other Gains (Losses) </FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The detail of other gain<FONT face=Arial>s</FONT> (loss<FONT face=Arial>es</FONT>) items is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 27pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 0cm" rowSpan=3 width="61%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other gains (losses)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="39%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended as of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="61%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Results derivative contracts (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,839,675</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,152,548</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,390,493</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="61%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Marketable securities to fair value</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">36,280</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(103,306)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(107,914)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="61%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,363,955)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(12,303)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,323,777)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 0cm" width="61%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,512,000</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,036,939</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">958,802</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt">(1)</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp; Under this concept the Company received cash flows amounting ThCh$ 5,419,700, ThCh$ 927,149 and ThCh$ 358,195 corresponding to 2015, 2014 and 2013, respectevily and these were recorded in the Consolidated Cash Flow Statement, under Operational activities, in line item Other cash movements.</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 6pt"> </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 14pt">Note 14 </FONT></B></FONT><FONT color=#003300 face=Arial><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-DECORATION: none">&nbsp;Cash and cash equivalent</FONT></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 12pt">s</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Cash and cash equivalent balances were as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="60%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="60%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="60%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cash</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,712</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,708</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">16,242</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="60%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Overnight deposits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">462,873</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,319,399</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">883,299</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="60%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bank balances</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">42,370,367</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">30,853,126</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">29,614,669</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="60%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Time deposits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">32,639,373</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99,373,117</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">282,628,752</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="60%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Investments in mutual funds</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">503,838</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="60%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Securities purchased under resale agreements</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">117,068,914</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">83,216,526</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">95,206,467</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="60%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">192,554,239</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">214,774,876</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">408,853,267</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The currency composition of cash and cash equivalents at </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean Peso</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">US Dollar</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Euro</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Argentine Peso</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uruguayan Peso</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Paraguayan guarani</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cash</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,675</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">39</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,998</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,712</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Overnight deposits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">462,873</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">462,873</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bank balances</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,964,295</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,922,732</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">955,840</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,699,756</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">948,816</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,519,619</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">359,309</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">42,370,367</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Time deposits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">32,639,373</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">32,639,373</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Securities purchased under resale agreements</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">117,068,914</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">117,068,914</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="25%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">171,683,257</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,385,644</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">955,840</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,701,754</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">948,816</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,519,619</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">359,309</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">192,554,239</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The currency composition of cash and cash equivalents at December 31, 2014, is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean Peso</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Unidad de Fomento</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">US Dollar</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Euro</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Argentine Peso</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uruguayan Peso</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Paraguayan guarani </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cash</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,939</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">420</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,349</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,708</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Overnight deposits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,319,399</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,319,399</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bank balances</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,790,934</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,738,935</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">974,179</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,726,073</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">536,097</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,753,420</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">333,488</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">30,853,126</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Time deposits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">90,962,579</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,410,538</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">99,373,117</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Securities purchased under resale agreements</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">83,216,526</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">83,216,526</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">182,979,978</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,410,538</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,058,754</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">974,179</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,728,422</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">536,097</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,753,420</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">333,488</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">214,774,876</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-51</FONT></FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_189"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 45.35pt">

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right>
   <IMG border=0 src="x16042214301904.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The currency composition of cash and cash equivalents at December 31, 2013, is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean Peso</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Unidad de Fomento</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">US Dollar</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Euro</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Argentine Peso</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uruguayan Peso</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Paraguayan guarani</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 14.25pt">

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cash</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,446</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">42</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,217</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,537</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">16,242</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 14.25pt">

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Overnight deposits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">883,299</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">883,299</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 14.25pt">

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bank balances</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">24,559,899</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">695,292</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,718,676</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,730,671</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">545,378</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">364,753</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">29,614,669</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 14.25pt">

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Time deposits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">282,628,752</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">282,628,752</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 14.25pt">

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Investments in mutual funds</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">503,838</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">503,838</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 14.25pt">

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Securities purchased under resale agreements</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">95,206,467</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">95,206,467</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">402,905,402</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,578,633</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,718,676</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,731,888</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">553,915</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">364,753</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">408,853,267</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The total accumulated cash flows paid in business combinations and acquisitions of associates are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 30pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 30pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="50%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 30pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="41%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended as of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Total disbursements for business acquisition</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 9.55pt">

   <TD style="HEIGHT: 9.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Cash flows used in the purchase of non-controlling interests</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,921,245 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,776,885 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 9.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">- </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.35pt">

   <TD style="HEIGHT: 7.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Other payments to acquire interests in joint ventures</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">42,163,032 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,445,478 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 7.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">- </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.5pt">

   <TD style="HEIGHT: 12.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Cash flows used for control of subsidaries or other businesses</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 12.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">- </FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">8,369 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 6pt">(3) </FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">14,566,278 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 5.55pt">

   <TD style="HEIGHT: 5.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Payments for changes in ownership interests in subsidaries</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>

   <TD style="HEIGHT: 5.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">- </FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">- </FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(4) </FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,627,425 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT color=#ffffff face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">44,084,277</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT color=#ffffff face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">15,230,732</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2 noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT color=#ffffff face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">20,193,703</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">(1)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">Corresponds to an increased of capital made in 2015 and the acquisitions made during 2014 of 34% of Bebidas Bolivianas S.A. &nbsp;</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">(2)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">Corresponds to pay of 50% of the acquisitions of Bebidas Carozzi CCU SpA. and to an increased of capital made in 2015 and 2014 of Central Cervecera de Colombia S.A.S.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">(3)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">Corresponds to the purchase of Bebidas del Paraguay S.A., Distribuidora del Paraguay S.A. and a pay of outstanding balance related to the acquisition in Manantial S.A. and Compa&#241;&#237;a Pisquera Bauz&#225; S.A. in 2013.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">(4)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">Corresponds to additionally percentage of acquisition in VSPT (</FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt">Note 1</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">) in 2013.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 14pt">Note 15 </FONT></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 12pt">Accounts receivables &#8211; Trade and other receivables</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The accounts receivables &#8211; trade and other receivables were as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="72%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Accounts receivables:</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile reportable segment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">88,332,401</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">87,979,118</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">International business segment operation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">52,591,935</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">50,498,496</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Wines reportable segment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">43,333,189</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">38,575,440</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total Others reportable segment </FONT></FONT><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">47,871,339</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">43,083,819</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others accounts receivables</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">24,033,944</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,619,152</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Impairment loss estimate</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(3,936,871)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(3,153,132)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">252,225,937</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">238,602,893</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">(1)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">Primarlly includes Comercial CCU S.A. which makes sales multiclass on behalf of Cervecera CCU Chile, ECUSA, CPCh, VSPT and FOODs.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-52</FONT></FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_190"></A>

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<DIV>

<DIV align=left>

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<TR style="HEIGHT: 45.35pt">

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right>
   <IMG border=0 src="x16042214302004.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company&#8217;s accounts receivable are denominated in the following currencies:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="72%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean Peso</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">158,757,937</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">151,677,364</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Argentine Peso</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">48,535,814</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">46,140,278</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">US Dollar</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">25,498,590</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,030,421</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Euro</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,463,166</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,038,934</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Unidad de Fomento</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,102</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,021</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uruguayan Pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,074,908</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,519,676</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Paraguayan guarani </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,111,636</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,477,622</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others currencies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,776,784</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,716,577</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">252,225,937</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">238,602,893</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The detail of the accounts receivable maturities as of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 15pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom rowSpan=3 width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current balance</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="52%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Overdue balances</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 25.5pt">

   <TD style="HEIGHT: 25.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">0 to 3 months</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">3 to 6 months</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">6 to 12 months</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">More than 12 months</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.6pt">

   <TD style="HEIGHT: 12.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Accounts receivables:</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 12.6pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.6pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.6pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.6pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.6pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile reportable segment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">88,332,401</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">80,543,609</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,601,090</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">421,928</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">298,999</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">466,775</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">International business segment operation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">52,591,935</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">45,600,898</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,839,178</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">226,648</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">321,512</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">603,699</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Wines reportable segment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">43,333,189</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">40,022,791</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,715,939</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">193,781</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">299,921</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">100,757</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total Others reportable segment </FONT></FONT><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">47,871,339</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">43,481,018</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,507,731</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">237,742</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">212,994</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">431,854</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others accounts receivables</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">24,033,944</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">22,204,897</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">370,715</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">982,963</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">475,369</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Sub-Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">256,162,808</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">231,853,213</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,034,653</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,063,062</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,608,795</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,603,085</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Impairment loss estimate</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(3,936,871)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(888,274)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(280,839)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,168,592)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,599,166)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">252,225,937</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">231,853,213</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">18,146,379</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,782,223</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">440,203</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,919</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">(1)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">Primarlly includes Comercial CCU S.A. which makes sales multiclass on behalf of Cervecera CCU Chile, ECUSA, CPCh, VSPT and FOODs</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The detail of the accounts receivable maturities as of December 31, 2014, is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 15pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current balance</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="52%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Overdue balances</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 25.5pt">

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 25.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">0 to 3 months</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">3 to 6 months</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">6 to 12 months</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">More than 12 months</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.6pt">

   <TD style="HEIGHT: 12.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Accounts receivables:</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 12.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 12.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 12.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 12.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD>

   <TD style="HEIGHT: 12.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile reportable segment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">87,979,118</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">81,335,105</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,453,180</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">485,827</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">325,316</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">379,690</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">International business segment operation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">50,498,496</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">41,505,514</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,058,969</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">791,980</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">289,994</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">852,039</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Wines reportable segment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">38,575,440</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">33,384,725</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,696,632</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">187,721</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">150,061</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">156,301</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total Others reportable segment (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">43,083,819</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">38,808,700</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,218,244</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">212,767</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">230,855</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">613,253</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others accounts receivables</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,619,152</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,689,147</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">663,317</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,266,688</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Sub-Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">241,756,025</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">214,723,191</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,090,342</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,944,983</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">996,226</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,001,283</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Impairment loss estimate</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(3,153,132)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(608,126)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(285,728)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(505,187)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,754,091)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="24%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">238,602,893</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">214,723,191</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">20,482,216</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,659,255</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">491,039</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">247,192</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">(1)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">Primarlly includes Comercial CCU S.A. which makes sales multiclass on behalf of Cervecera CCU Chile, ECUSA, CPCh, VSPT and FOODs</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company markets its products through retail, wholesale clients, chains and supermarkets. As of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, the accounts receivable from the three most important supermarket chains in Chile and Argentina represent 29.1% (29.2% in 2014) of the total accounts receivable.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-53</FONT></FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_191"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 45.35pt">

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="39%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right>
   <IMG border=0 src="x16042214302005.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As indicated in the Risk management note</FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt"> (Note 5)</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, 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></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The movement of the impairment losses provision for accounts receivable is as follows: </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="72%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Balance at the beginning of year</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,153,132</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,506,069</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Impairment estimate for accounts receivable</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,883,258</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">346,606</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uncollectible accounts</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(264,618)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(914,016)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Release of unused provisions</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(557,106)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(680,950)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Effect of translation into presentation currency</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(277,795)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(104,577)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,936,871</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,153,132</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B></B>&nbsp;</H1>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-54</FONT></FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_192"></A>

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<TR style="HEIGHT: 45.35pt">

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="52%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302005.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 14pt">Note 1<FONT face=Arial>6</FONT> </FONT></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 12pt">Accounts and transactions with related companies</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Transactions between the Company and its subsidiaries occur in the normal course of operations and have been eliminated during the consolidation process.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The amounts indicated as transactions in the following table relate to trade operations with related companies, which are under similar terms than what a third party would get respect to price and payment conditions. There are no uncollectible estimates decreasing accounts receivable or guarantees provided to related companies.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Balances and transactions with related companies consist of the following:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(1)&nbsp; 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(2)&nbsp; 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(3)&nbsp; 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(4)&nbsp; An agreement between the subsidiary Compa&#241;&#237;a Pisquera de Chile S.A. with Cooperativa Agr&#237;cola Control Pisquero de Elqui and Limar&#237; 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. Beginning February 28, 2007 and UF 9,995 bullet payment at the last contribution date. In accordance with the contract, </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Cooperativa Agr&#237;cola Control Pisquero de Elqui and Limari Ltda. </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">renew the contract for a period of ten years. Consequently, the UF 9,995 will pay in ten instalments of UF 1,162 each one, beginning February 28, 2015.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(5)&nbsp;&nbsp; An agreement of grape supply between the subsidiary Compa&#241;&#237;a Pisquera de Chile S.A. with Cooperativa Agr&#237;cola Control Pisquero de Elqui y Limar&#237; Ltda. These contracts stipulate a 3% annual interest on the capital, with a term of eight years, and annual payments due on May 31, 2018.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The transaction schedule includes all the transactions made with related parties.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The detail of the accounts receivable and payable from related companies as of December 31, 2015 and 2014, is as follows:</FONT></FONT></P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-55</FONT></FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_193"></A>

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<DIV>

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<TR style="HEIGHT: 45.35pt">

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="48%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="52%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302005.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 8.5pt">Accounts receivable from related companies</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 8.5pt">Current:</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 16.5pt">

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Tax ID</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="22%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Company</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Country of origin</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Ref.</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Relationship</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Transaction</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Currency</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Bebidas Bolivianas SA</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Bolivia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Associated</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">78,810</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Heineken Brouwerijen B.V.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Holanda</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">USD</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">43,428</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Pepsi Cola Panamericana S.R.L</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Per&#250;</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">USD</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">1,149</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">126,435</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">179,284</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">96.571.220-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Banchile Corredores de Bolsa S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">1,073</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">96.819.020-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Agr&#237;cola El Cerrito S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">30</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">87.938.700-0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Agroproductos Bauza y C&#237;a Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related joint operating</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">10,297</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">93.920.000-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Antofagasta Minerals S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">4,198</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">96.919.980-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Cervecer&#237;a Austral S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">29,502</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">235,683</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">96.919.980-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Cervecer&#237;a Austral S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Billed services</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">15,391</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">77.051.330-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Cervecer&#237;a Kunstmann Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">142,789</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">142,957</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">90.160.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Cia. Sud Americana de Vapores S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">522</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">77.755.610-K</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Comercial Patagona Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Joint venture subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">738,270</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">1,573,306</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">77.755.610-K</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Comercial Patagona Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Joint venture subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Rental of cranes</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">2,875</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">2,191</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">90.081.000-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Compa&#241;&#237;a Chilena de F&#243;sforos S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">5,651</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">2,978</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">81.805.700-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Cooperativa Agr&#237;cola Control Pisquero de Elqui y Limari Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Advance purchase</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">1,054,917</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">1,055,714</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">81.805.700-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Cooperativa Agr&#237;cola Control Pisquero de Elqui y Limari Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">24,027</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">60,673</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">81.805.700-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Cooperativa Agr&#237;cola Control Pisquero de Elqui y Limari Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(4)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Loan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">U.F.</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">29,589</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">29,602</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">81.805.700-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Cooperativa Agr&#237;cola Control Pisquero de Elqui y Limari Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(5)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Supply contract</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">U.F.</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">74,529</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">71,616</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">96.591.040-9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Empresas Carozzi S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">301,882</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">92.011.000-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Empresa Nacional de Energia ENEX S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Supply contract</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">2,136</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">99.542.980-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Foods Compa&#241;&#237;a de Alimentos CCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">358,428</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">841,647</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">99.542.980-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Foods Compa&#241;&#237;a de Alimentos CCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Transport service</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">881,499</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">433,647</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">99.542.980-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Foods Compa&#241;&#237;a de Alimentos CCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Remittance send</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">6,108,351</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">99.542.980-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Foods Compa&#241;&#237;a de Alimentos CCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Interests</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">219,647</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">362,790</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">99.542.980-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Foods Compa&#241;&#237;a de Alimentos CCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales Service</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">118,292</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">128,430</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">99.542.980-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Foods Compa&#241;&#237;a de Alimentos CCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Shared service</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">182,822</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">238,980</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">99.542.980-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Foods Compa&#241;&#237;a de Alimentos CCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Collection service</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">49,646</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">96.847.140-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Inmobiliaria Norte Verde S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">40</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">96.427.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Inversiones y Rentas S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">12,664</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">9,330</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">96.536.010-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Inversiones Consolidadas Limitadas</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">1,409</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">76.029.109-9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Inversiones Chile Chico Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Billing services</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">5,353</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">94.625.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Inversiones Enex S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">203,349</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">99.525.700-9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Las Margaritas S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">47</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">91.021.000-9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Madeco S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">3,723</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">3,683</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">78.780.780-1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Operaciones y servicios Enex Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">90,323</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">76.028.758-K</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Norgistics Chile S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">110</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">91.705.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Qui&#241;enco S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Shareholder Controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">3,070</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">96.645.790-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Socofin S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">10</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">76.178.803-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Vi&#241;a Tabal&#237; S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Billing services</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">29,817</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">79,437</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">4,788,930</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">11,619,118</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 8.5pt">Non Current:</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 16.5pt">

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Tax ID</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="22%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Company</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Country of origin</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Ref.</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Relationship</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Transaction</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Currency</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">81.805.700-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Cooperativa Agr&#237;cola Control Pisquero de Elqui y Limari Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(4)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Loan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">U.F.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">209,330</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">223,980</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">81.805.700-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Cooperativa Agr&#237;cola Control Pisquero de Elqui y Limari Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(5)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Supply contract</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">U.F.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">236,608</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">298,973</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">445,938</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">522,953</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-56</FONT></FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_194"></A>

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<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 45.35pt">

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="48%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="52%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302005.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 1.15pt 3pt 0in"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Accounts payable to related companies</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Current:</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 16.5pt">

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Tax ID</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="22%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Company</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Country of origin</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Ref.</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Relationship</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Transaction</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Currency</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 16.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Heineken Brouwerijen B.V.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Holanda</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">License and technical asssintance</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Euros</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">6,568,594</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">3,354,448</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Heineken Brouwerijen B.V.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Holanda</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Euros</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">307,118</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">1,009,856</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Heineken Nederland Supply</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Holanda</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">License and technical asssintance</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Euros</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">37,772</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 6pt">Heineken supply chain B.V.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Holanda</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Euros</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">11,647</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Amstel Brouwerijen B.V.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Holanda</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">License and technical asssintance</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Euros</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">246,334</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">121,854</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Tabacos del Paraguay S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Paraguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Marketing services</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">13,051</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Nestle Waters Marketing &amp; Distribution</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Francia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Euros</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">21,861</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Nestle Waters Management &amp; Tecnology</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Francia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Euros</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">12,191</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Pespsi-cola manufacturi co.of uruguay SRL</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">151,578</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">87.938.700-0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Agroproductos Bauza y C&#237;a. Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">31,199</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">99.540.870-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Aguas de Antofagasta S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Water service</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">36,879</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">89.010.400-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Alusa Chile S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">437,884</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">84.898.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Alusa S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">73,233</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">78.105.460-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Alimentos Nutrabien S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">212</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">314</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Billing services</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">2,431</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">4,504</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">76.115.132-0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Canal 13 S.P.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Marketing services</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">21,100</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">170,091</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">96.919.980-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Cervecer&#237;a Austral S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">414,400</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">1,232,609</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">96.919.980-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Cervecer&#237;a Austral S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Royalty paid</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">45,687</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">77.051.330-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Cervecer&#237;a Kunstmann Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">15,707</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">6,400</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">77.755.610-K</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Comercial Patagona Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Joint venture subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Marketing services</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">24,694</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">22,810</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">90.160.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Compa&#241;&#237;a Sud Americana de Vapores S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Transport service</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">2,928</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">99.542.980-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Foods Compa&#241;&#237;a de Alimentos CCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">63,212</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">158,744</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">99.542.980-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Foods Compa&#241;&#237;a de Alimentos CCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Discount of transport</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">11,883</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">99.542.980-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Foods Compa&#241;&#237;a de Alimentos CCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Consignation sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">2,015,613</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">2,801,544</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">78.259.420-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Inversiones PFI Chile Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">1,195,665</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">1,116,372</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">96.798.520-1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Saam Extraportuarios S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Transport service</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">17</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">94.058.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Servicios Aeroportuarios Aerosan S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Transport service</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">193</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">92.048.000-4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Sudamericana Agencias A&#233;reas y Maritimas S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Transport service</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">231</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">96.689.310-9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Transbank S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Commission</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">25,911</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">54</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">76.178.803-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Vi&#241;a Tabal&#237; S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Collect of customers</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">37,185</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">92.236.000-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Watt&#180;s S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Related joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">13,205</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">67,315</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">11,624,218</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">10,282,312</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-57</FONT></FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_195"></A>

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<TR style="HEIGHT: 45.35pt">

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="48%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="52%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Most significant transactions and effects on results:</FONT></I></B></FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 1.15pt 3pt 0in"><FONT color=windowtext face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt; FONT-WEIGHT: normal; FONT-STYLE: normal">The following are the most significant transactions with related entities that are not subsidiaries of the Company and their effect on the Consolidated Statement of Income:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 3.9pt 0pt 0in">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 9pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=4 width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Tax ID</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=4 width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Company</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=4 width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Country of origin</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=4 width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Relationship</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=4 width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Transaction</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" colSpan=6>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 5pt">For the years ended as of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 24pt">

   <TD style="HEIGHT: 24pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Amounts</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 24pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 5pt">(Charges)/Credits (Effect on Income)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 24pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Amounts</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 24pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 5pt">(Charges)/Credits (Effect on Income)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 24pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Amounts</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 24pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 5pt">(Charges)/Credits (Effect on Income)</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Bebidas Bolivianas S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Bolivia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Associated</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">209,292</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">79,531</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Heineken Brouwerijen B.V.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Holanda</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Billing services</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">27,904</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(27,904)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">95,533</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(95,533)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">58,343</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(58,343)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Heineken Brouwerijen B.V.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Holanda</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">71,107</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">295,899</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">225,145</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Heineken Brouwerijen B.V.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Holanda</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">208,932</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">79,394</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">244,804</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">93,026</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Heineken Brouwerijen B.V.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Holanda</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">License and technical asssintance</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">9,331,241</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(9,331,241)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">6,338,435</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(6,338,435)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">6,990,715</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(6,990,715)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Heineken Italia Spa</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Italia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">40,025</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 4pt">Nestle Waters Argentina S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">License and technical asssintance</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">1,350</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(1,350)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Nestle Waters S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Italia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Royalty paid</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">308,527</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(308,527)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">204,010</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(204,010)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">155,839</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(155,839)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.956.680-K</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Alusa S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">2,665,007</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">1,562,351</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">1,427,550</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Transport service</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">452,384</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(452,384)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">356,432</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(356,432)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">72,005</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(72,005)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">39,148</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">25,446</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">60,472</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">21,165</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">30,865</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">10,803</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Derivatives</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">105,973,453</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">1,708,487</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">2,595,060</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(1,637)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">9,358,500</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">3,158</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Investments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">423,550,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">770,364</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">181,200,794</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">1,427,444</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">111,695,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">366,198</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Interests</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">316,411</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(316,411)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">387,547</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(387,547)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">258,196</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(258,196)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Leasing paid</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">123,316</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(23,901)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">224,872</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(24,155)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">140,033</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(24,680)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.571.220-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banchile Corredores de Bolsa S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Investments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">944,450,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">583,333</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">315,790,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">797,953</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">205,902,500</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">368,684</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.571.220-9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banchile Corredores de Bolsa S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Commissions</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">577,994</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(577,994)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">76.115.132-0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Canal 13 S.P.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Marketing services</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">1,554,332</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(405,349)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">3,318,107</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(1,196,948)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">4,397,642</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(2,078,401)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.919.980-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Cervecer&#237;a Austral S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">36,560</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">23,764</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">315,650</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">126,260</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">293,194</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">117,278</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.919.980-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Cervecer&#237;a Austral S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Royalty paid</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">425,164</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(425,164)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">389,655</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(389,655)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">340,706</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(340,706)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.919.980-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Cervecer&#237;a Austral S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Royalty charged</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">30,694</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">30,694</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">47,265</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">47,265</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.919.980-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Cervecer&#237;a Austral S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">4,776,140</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">3,525,715</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">2,703,252</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.919.980-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Cervecer&#237;a Austral S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Billing services</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">425,165</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">425,165</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">231,038</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">231,038</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">205,076</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">205,076</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">77.051.330-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Cervecer&#237;a Kunstmann Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">405,652</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">324,522</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">317,990</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">254,392</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">265,054</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">212,043</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">77.051.330-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Cervecer&#237;a Kunstmann Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Billing services</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">77,166</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">77,166</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">23,335</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">23,335</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">174,871</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">174,871</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">77.755.610-K</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Comercial Patagona Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Joint venture subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Marketing services</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">279,401</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(279,401)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">225,128</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(225,128)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">208,191</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(208,191)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">77.755.610-K</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Comercial Patagona Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Joint venture subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">2,679,985</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">1,098,794</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">1,410,939</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">578,485</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">1,998,700</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">819,468</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">79.985.340-K</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Cervecera Valdivia S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Dividends paid</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">489,942</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">511,172</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">523,063</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">76.029.691-0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Comarca S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Access fee</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">1,313,475</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">90.081.000-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Compa&#241;&#237;a Chilena de F&#243;sforo S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Dividends paid</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">4,055,034</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">1,637,775</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">1,134,431</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">81.805.700-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Cooperativa Agr&#237;cola Control Pisquero de Elqui y Limari Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Loan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">29,589</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">5,827</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">27,681</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">7,975</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">26,200</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">8,092</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">81.805.700-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Cooperativa Agr&#237;cola Control Pisquero de Elqui y Limari Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Supply contract</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">74,529</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">8,487</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">71,616</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">11,411</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">67,784</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">12,456</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">81.805.700-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Cooperativa Agr&#237;cola Control Pisquero de Elqui y Limari Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Purchase of grape</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">6,226,156</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">5,027,758</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">8,251,401</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">81.805.700-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Cooperativa Agr&#237;cola Control Pisquero de Elqui y Limari Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Dividends paid</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">791,836</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">617,964</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">774,087</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">81.805.700-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Cooperativa Agr&#237;cola Control Pisquero de Elqui y Limari Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Billing services</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">181,437</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">181,437</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">81.805.700-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Cooperativa Agr&#237;cola Control Pisquero de Elqui y Limari Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">8,071</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">6,457</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">89.602.300-4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Csav Austral Spa</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Transport service</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">122,991</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(122,991)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">81,743</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(81,743)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">76.173.468-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Fondo de Inversi&#243;n Privado Mallorca</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Remaining amount of shares</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">1,529,715</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">99.542.980-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Foods Compa&#241;&#237;a de Alimentos CCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Interests</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">287,243</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">287,243</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">363,945</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">363,945</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">334,899</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">334,899</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">99.542.980-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Foods Compa&#241;&#237;a de Alimentos CCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Remittance send</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">27,189,651</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">31,144,541</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">22,938,115</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">99.542.980-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Foods Compa&#241;&#237;a de Alimentos CCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Remittances received</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">33,298,001</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">31,367,766</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">24,353,351</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">99.542.980-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Foods Compa&#241;&#237;a de Alimentos CCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Billing services</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">7,633,582</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">7,633,582</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">6,990,442</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">6,990,442</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">4,901,800</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">4,901,800</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">99.542.980-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Foods Compa&#241;&#237;a de Alimentos CCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">30,209</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">430,381</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(430,381)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">345,267</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(345,267)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">99.542.980-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Foods Compa&#241;&#237;a de Alimentos CCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Consignation sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">24,067,498</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">23,303,360</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">13,523,940</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">99.542.980-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Foods Compa&#241;&#237;a de Alimentos CCU S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Joint venture</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">13,540</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">6,223</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">15,097</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">9,511</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">16,926</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">12,981</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">76.173.468-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Fondo de Inversi&#243;n Privado Mallorca</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Billing services</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">17,172</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">60,053</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">92.011.000-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Empresa Nacional de Energia Enex S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Billing services</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">170,878</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(170,878)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">76.313.970-0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Inversiones Irsa LTDA.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Billing services</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">4,089,832</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">78.259.420-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Inversiones PFI Chile Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">3,161,063</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">7,147,674</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.657.690-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Inversiones Punta Brava S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">1,587</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">1,270</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.427.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Inversiones y Rentas S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Billing services</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">31,777,378</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">32,701,972</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">35,285,513</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.427.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Inversiones y Rentas S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Office rental</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">11,006</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">11,006</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">10,539</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">10,539</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">10,174</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">10,174</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">90.703.000-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Nestle Chile S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Shareholders of subsidiary</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Billing services</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">2,704,376</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">2,581,736</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">2,442,310</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">78.780.780-1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Operaciones y Servicios Enex LTDA.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">328,256</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">262,605</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">91.705.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Qui&#241;enco S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Shareholder controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Sales of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">14,509</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">11,607</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">79.903.790-4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Soc. Agr&#237;cola y Ganadera R&#237;o Negro Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Purchase of products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">162,772</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.689.310-9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Transbank S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Commission</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">45,756</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(45,756)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">26,585</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">(26,585)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">76.178.803-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Vi&#241;a Tabal&#237; S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Billing services</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">50,787</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">50,787</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">64,321</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">64,321</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">47,440</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">47,440</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">76.178.803-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Vi&#241;a Tabal&#237; S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Related to the controller</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Sales of fixed assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">15,306</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">15,306</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt 0in" align=center>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-58</FONT></FONT></P>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Remuneration of the Management key employees</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Board was appointed at the Ordinary Shareholders&#180; Meeting held on April 10, 2013, being elected Messrs. Andr&#243;nico Luksic Craig, Pablo Granifo Lav&#237;n, Carlos Molina Sol&#237;s, John Nicolson, Manuel Jos&#233; Noguera Eyzaguirre, Philippe Pasquet, Francisco P&#233;rez Mackenna, Jorge Luis Ramos Santos and Vittorio Corbo Lioi, who is independent, according to article 50 bis of Law N&#186;18,046. The Chairman and the Vice Chairman, as well as the members of the Audit Committee were appointed at the Board of Directors&#180; meeting held on April 10, 2013. At the same meeting, and according to article 50 bis of Law N&#176; 18,046, the independent Director Mr. Vittorio Corbo Lioi appointed the other members of the Directors Committee, which is composed of Directors Messrs. P&#233;rez, Pasquet and Corbo. Additionally, Messrs. Corbo and Pasquet were appointed 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 &#8220;SoX Regulation&#8221;). The Board of Directors also resolved that Directors Messrs. P&#233;rez and Ramos shall participate in the Audit Committee&#180;s meetings as observers.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Due to the resignation of Mr. Manuel Jos&#233; Noguera Eyzaguirre and Philippe Pasquet to their position as director of the Company, both effective as of June 30, 2015, at the Board of Directors Meeting held on July 7, 2015, Messrs. Didier Debrosse and Rodrigo Hinzpeter Kirberg were appointed as Directors, until the next Ordinary Shareholders&#180; Meeting, as permitted by Article 32 of Law N&#176;18,046.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Furthermore, at that same Board meeting, the independent Director Mr. Vittorio Corbo Lioi appointed Director Mr. Jorge Luis Ramos Santos as a member of the Directors Committee, in place of Mr. Philippe Pasquet, as required by art. 50 bis of Law N&#176;18,046 and Regulation N&#176;1956 of 2009 of the Superintendencia de Valores y Seguros (&#8220;SVS&#8221;). Therefore the Directors Committee is currently composed by Messrs. Vittorio Corbo Lioi, Francisco P&#233;rez and Jorge Luis Ramos Santos.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Director Jorge Luis Ramos Santos was appointed at the June 7, 2015 Board of Directors&#180; meeting, as a member of the Audit Committee, in place of&nbsp; Mr. Pasquet. Also at the same meeting, Director Carlos Molina Solis was appointed as an observer of the Audit Committee. Therefore, the Audit Committee is currently composed by the Directors. Vittorio Corbo Lioi and Jorge Luis Ramos Santos, who met the independence requirements as set out in the SOX Regulation, and Directors. Francisco P&#233;rez Mackenna and Carlos Molina Solis participate in the Audit Committee&#8217;s meetings on an observer status.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As agreed to at the Ordinary Shareholders&#180; Meeting held on April 15, 2015, the Directors&#8217; remuneration for their attendance at each meeting was fixed in UF 100 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 2015. If the distributed dividends exceed 50% of the net profits, the Board of Directors&#8217; variable remuneration shall be calculated over a maximum 50% of such profits. </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Those Directors that are members of the Directors Committee receive a remuneration 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&#186; 18,046 and Regulation N&#176; 1956 of the SVS. Directors that are members of the Audit Committee receive a monthly remuneration of UF 25.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">According to the above, as of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, the Directors received ThCh$ 2,657,132 (ThCh$ 2,746,921 in 2014 and ThCh$ 2,461,403 in 2013) in per diems and shares. In addition, ThCh$ 141,283 (ThCh$ 117,342 in 2014 and ThCh$ 109,981 in 2013) were paid in compensation for gains sharing to the main executives of the Parent Company.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-59</FONT></FONT></P>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The following is the total remuneration received by the top officers of the Parent Company during the years ended as of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015 and 2014</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="72%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended as of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Salaries</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,441,196</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,212,395</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Employees&#8217; short-term benefits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,897,823</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,620,769</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Employments termination benefits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">331,022</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,107,575</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,670,041</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,940,739</FONT></B></FONT></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt"> </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 14pt">Note 17 </FONT></B></FONT><FONT color=#003300 face=Arial><B><FONT lang=ES-CL style="FONT-SIZE: 12pt; TEXT-DECORATION: none">Inventories</FONT></B></FONT></H1>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The inventory balances were as follows:</FONT></FONT></P>

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<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Finished products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">50,873,881</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">56,873,874</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">In process products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,828,386</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,568,879</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Raw material</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">113,716,967</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">103,535,487</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">In transit raw material</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,707,440</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">553,972</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Materials and products</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,926,122</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,602,904</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Realizable net value estimate and obsolescence</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,825,381)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(2,589,518)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">174,227,415</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">167,545,598</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company wrote off a total of ThCh$ 2,057,246, ThCh$ 1,033,337 and ThCh$ 1,495,381 relating to inventory shrinkage and obsolescence for the year ended </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015, 2014 and 2013</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, respectively.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Additionally, an estimate for obsolescence inventories include amounts related to low turnover, technical obsolescence and product recalls from the market.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Movement of Realizable net value and obsolescence estimate is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Initial balance</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(2,589,518)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,286,695)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Inventories write-down estimation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,469,233)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(2,682,310)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Inventories recognised as an expense</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,057,704</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,369,096</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Business combination effect</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">175,666</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,391</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,825,381)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(2,589,518)</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015 and 2014</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, the Company does not have any inventory pledged as guarantee against financial obligations.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B></B>&nbsp;</H1>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-60</FONT></FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_198"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 45.15pt">

   <TD style="HEIGHT: 45.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="66%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="34%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 14pt">Note 18 </FONT></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 12pt">Biological current assets</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The Company recorded under Biological current assets the agricultural activities (grapes) derived from production of plantations that will be destined to be an input to the following process of the wine production.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The costs associated to the agricultural activities (grapes) are accumulated to the harvest date.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The valuation of Biological current assets is described in </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Note 2.10</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The movement of Biological current assets were as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="85%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="85%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="85%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of January 1, 2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="85%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Historic cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,130,652</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="85%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,130,652</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="85%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="85%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="85%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Additions</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">16,886,294</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="85%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Decreases due to the harvest</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(15,383,355)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="85%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,633,591</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="85%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="85%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="85%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Historic cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,633,591</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="85%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,633,591</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="85%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="85%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="85%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Additions</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">18,192,939</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="85%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Decreases due to the harvest</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(18,193,190)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="85%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,633,340</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="85%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="85%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="85%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Historic cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,633,340</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="85%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,633,340</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B></B>&nbsp;</H1>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-61</FONT></FONT></P>

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<DIV>

<DIV align=left>

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<TR style="HEIGHT: 45.15pt">

   <TD style="HEIGHT: 45.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="66%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="34%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 14pt">Note 19&nbsp;</FONT></B></FONT><B> </B><FONT color=#003300 face=Arial><B><FONT lang=EN-GB style="FONT-SIZE: 12pt; TEXT-DECORATION: none">&nbsp;Other non-financial assets</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company maintained the following other non-financial assets:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Insurance paid</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,512,317</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,841,121</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Advertising</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,474,579</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,885,301</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Advances to suppliers</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,438,102</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,098,153</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Guarantees paid</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">328,242</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">318,105</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Consumables</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">526,645</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">453,548</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Dividends receivable</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">150,343</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">36,044</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Recoverable taxes (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,303,925</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,610,979</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Stock rights (2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,846,500</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,141,174</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,144,091</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">44,721,827</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">24,387,342</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,654,373</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">18,558,445</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Non current</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">27,067,454</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,828,897</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">44,721,827</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">24,387,342</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">(1) Correspond to a minimum presumed income tax and an exporter credit of the subsidiaries in Argentine.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 7pt">(2) </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">See</FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt"> Note 1</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 7pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 14pt">Note 20 </FONT></B></FONT><FONT color=#003300 face=Arial><B><FONT lang=EN-GB style="FONT-SIZE: 12pt; TEXT-DECORATION: none">Investments accounted for by the equity method</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 10pt">Joint ventures and Associates</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015 and 2014</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, the Company recorded investments qualifying as joint venture and associates.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The share value of the investments in joint ventures and associates is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 26.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 26.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="72%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 26.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 26.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cervecer&#237;a Austral S.A. (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,043,071</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,957,494</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Foods Compa&#241;&#237;a de Alimentos CCU S.A. (2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,582,085</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,837,774</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bebidas Bolivianas S.A. (3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">14,276,937</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,757,874</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Central Cervecera de Colombia S.A.S. (4) </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">18,718,832</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,445,478</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other companies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">374,338</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">49,995,263</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">31,998,620</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-62</FONT></FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_200"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 45.15pt">

   <TD style="HEIGHT: 45.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="66%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="34%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The above mentioned values include the goodwill generated through the acquisition of the following joint ventures, which are presented net of any impairment loss:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="72%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cervecer&#237;a Austral S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,894,770</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,894,770</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bebidas Bolivianas S.A. </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,581,614</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,186,271</FONT></FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,476,384</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1<FONT face="Arial Narrow">0</FONT>,081,041</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The results accrued in joint ventures and associates are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 24.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 24.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 24.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="41%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended as of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cervecer&#237;a Austral S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">247,180</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">157,836</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">221,662</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Foods Compa&#241;&#237;a de Alimentos CCU S.A. </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,251,392)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(16,476)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">87,100</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bebidas Bolivianas S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,557,886)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,039,967)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Central Cervecera de Colombia S.A.S. </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(2,668,179)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other companies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,142</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(5,228,135)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(898,607)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">308,762</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Changes in investments in joint ventures and associates during such periods are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Balance at the beginning of year</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">31,998,620</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,563,028</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Business combination effect</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">23,387,006</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">15,222,363</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Participation in the joint ventures and associates (losses)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(5,228,135)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(898,607)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Dividends received</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(150,343)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(39,096)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other changes</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(11,885)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">150,932</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">49,995,263</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">31,998,620</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Following are the significant matters regarding the investments accounted by the equity method:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#003300 face=arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 11pt; TEXT-DECORATION: none">(1) Cervecer&#237;a Austral S.A. </FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">A closed stock company that operates a beer manufacturing facility in the southern end of Chile, being the southernmost brewery in the world.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt">(2)</FONT></I></B></FONT><FONT face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 9pt"> </FONT></I></B></FONT><FONT color=#003300><FONT><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt; TEXT-DECORATION: none" face=arial>Foods Compa&#241;&#237;a de Alimentos&nbsp;CCU S.A.</FONT></I></B></FONT><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt; TEXT-DECORATION: none">&nbsp;</FONT></I></B></FONT><FONT face=Arial,sans-serif><I><FONT lang=ES-CL style="FONT-SIZE: 9pt"> </FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On November 26, 2015, Foods signed an agreement of sale with Empresas Carozzi S.A., under which the first sold to the second machinery, equipment and brands related to products marketed under the brands Natur and Calaf. The amount of this transaction was ThCh$ 14,931,000 and CCU recognized a net loss after taxes for an amount of ThCh$ 1,034,638, corresponding to their participation.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-63</FONT></FONT></P>

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<TR style="HEIGHT: 45.15pt">

   <TD style="HEIGHT: 45.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="66%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="34%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#003300 face=arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 11pt; TEXT-DECORATION: none">(3) Bebidas Bolivianas S.A. </FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">On May 7, 2014,</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt"> the Company acquired 34% of the stock rights of Bebidas Bolivianas S.A. a Bolivian and a closed stock company that produces soft drinks and beers in three plants located in Santa Cruz de la Sierra and Nuestra Se&#241;ora de la Paz cities. </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The amount of this transaction was ThCh$ 13,776,885. On December 9, 2015, the Company paid an increased of capital for an amount of USD 2,720,000 (equivalents to ThCh$ 1,921,244).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#003300 face=arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 11pt; TEXT-DECORATION: none">(4) Central Cervecera de Colombia S.A.S. </FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">On November 10, 2014, CCU, directly and through its subsidiaries CCU Inversiones II Limitada, and Postob&#243;n have established a joint arrangements through a company named Central Cervecera de Colombia S.A.S. (the "Company"), in which CCU and Postob&#243;n participate as equal shareholders. The purpose of this Company is the beer and non-alcoholic drinks production, marketing and distribution based on malt. The Parties will invest in the Company an approximate amount of US$ 400,000,000, following a gradual investment plan conditioned to the fulfillment of certain milestones. At the date of issuance of these consolidated financial statements CCU Inversiones II Limitada paid US$ 33,901,562.11 (US$ 2,411,019.21 in 2014). The partnership involves the construction of a beer production plant, with a<FONT face=Arial>n annual</FONT>&nbsp;total capacity of 3,000,000 hectoliters. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The summarized financial information of these companies as of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, 2015 and 2014, appears in detail in </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Note 7</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company does not have any contingent liabilities related to joint ventures and associates as of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The figures for each entity 100% of each in summary form are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 18.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 18.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 18.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 18.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 18.75pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 40.5pt">

   <TD style="HEIGHT: 40.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Joint Ventures</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 40.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Associated</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 40.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Joint Ventures</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 40.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Associated</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 40.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Joint Ventures</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Net sales</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">59,187,508</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">18,310,272</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">46,399,652</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,470,716</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">31,261,730</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Operating result</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(6,796,020)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(4,039,249)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">212,503</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(2,882,721)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">238,819</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Net income for year</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(6,803,143)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(4,573,734)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(392,427)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(2,920,431)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">620,549</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Depreciation and amortization</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,998,935)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(534,485)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,936,455)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,091,414</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,416,740)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">57,908,034</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,326,003</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">15,625,609</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,987,602</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,610,219</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Non-current assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">29,453,402</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">31,393,842</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">39,076,178</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,664,655</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">32,411,942</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current liabilities</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,233,586</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,086,146</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,550,702</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,467,768</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,385,478</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Non-current liabilities</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,720,129</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,494,421</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,725,097</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,244,421</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,285,096</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-64</FONT></FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_202"></A>

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<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 45.15pt">

   <TD style="HEIGHT: 45.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="66%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="34%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 14pt">Note 21&nbsp;</FONT></B></FONT><B> </B><FONT color=#003300 face=Arial><B><FONT lang=ES-CL style="FONT-SIZE: 12pt; TEXT-DECORATION: none">&nbsp;Intangible assets</FONT></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 12pt"> other t<FONT face=Arial>h</FONT>an goodwill</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The intangible assets movement during the years ended as of December 31, 2014 and 2015 was as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="35%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Trademarks</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Software programs</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Water rights</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Distribution rights</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of January 1, 2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Historic cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">56,088,048</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,199,598</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">925,356</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,024,457</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">77,237,459</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Accumulated amortization</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(12,639,953)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(563,575)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(13,203,528)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">56,088,048</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,559,645</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">925,356</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">460,882</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">64,033,931</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Additions</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,292,555</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">988,783</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,933</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,303,271</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Additions by business combination (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,658,167</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">568,666</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,226,833</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Amortization of the year</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,718,514)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(45,718)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,764,232)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Effect of conversion amortization</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">79,405</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,512</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">86,917</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Conversion effect </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,025,947)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(141,556)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(62,322)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,229,825)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">58,720,268</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,071,535</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,914,139</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">950,953</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">68,656,895</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Historic cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">58,720,268</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,353,252</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,914,139</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,046,487</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">83,034,146</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Accumulated amortization</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(14,281,717)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(95,534)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(14,377,251)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">58,720,268</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,071,535</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,914,139</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">950,953</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">68,656,895</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Additions</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,160,435</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">104,739</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,265,174</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Transfers (2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(3,266,332)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(3,266,332)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Divestitures (amortization)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,748</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,748</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Divestitures (cost)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(3,748)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(3,748)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Amortization of the year</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,814,784)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(126,877)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,941,661)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Effect of conversion amortization</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">164,652</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">22,210</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">186,862</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Conversion effect </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(2,235,479)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(297,814)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(247,219)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(2,780,512)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">53,218,457</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,284,024</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,914,139</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">703,806</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">64,120,426</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Historic cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">53,218,457</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">24,212,125</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,914,139</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">904,006</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">80,248,727</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Accumulated amortization</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(15,928,101)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(200,200)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(16,128,301)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="35%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">53,218,457</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,284,024</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,914,139</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">703,806</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">64,120,426</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">(1) See </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 7pt">Note 8 &#8211; </FONT></I></B></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 7pt">Business Combinations</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">(2) See </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 7pt">Note 25 &#8211; Assets of disposal group held for sale</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">There are no restriction or any pledge against on intangible assets.</FONT></FONT></P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-65</FONT></FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_203"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 45.15pt">

   <TD style="HEIGHT: 45.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="66%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="34%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The detail of the Trademarks appears below:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="36%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Segment</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cash Generating Unit</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(CGU)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Embotelladoras Chilenas Unidas S.A. </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,280,007</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,280,007</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Compa&#241;&#237;a Pisquera de Chile S.A. </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,363,782</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,630,114</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Compa&#241;&#237;a Cerveceria Kunstmann S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">286,518</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">286,518</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Sub-Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">20,930,307</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">24,196,639</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">International Business</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">CCU Argentina S.A. and subsidiaries</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,171,061</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,040,335</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Marzurel S.A., Coralina S.A. and Milotur S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,932,762</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,079,360</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bebidas del Paraguay S.A. and Distribuidora del Paraguay S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,440,608</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,658,167</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Sub-Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,544,431</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">14,777,862</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Wines</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Vi&#241;a San Pedro Tarapac&#225; S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,743,719</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,745,767</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Sub-Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,743,719</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,745,767</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="36%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">53,218,457</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">58,720,268</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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 </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt">Note 22</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B></B>&nbsp;</H1>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-66</FONT></FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_204"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 45.15pt">

   <TD style="HEIGHT: 45.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="66%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="34%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 14pt">Note 22 </FONT></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 12pt">Goodwill</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The goodwill movements during the years ended as of December 31, 2015 and 2014 was as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Goodwill</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of January 1, 2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Historic cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">81,872,847</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">81,872,847</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Additions through business combination (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,566,003</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Conversion effect</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(658,947)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">86,779,903</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Historic cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">86,779,903</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">86,779,903</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Transfers (2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(2,856,245)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Conversion effect</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(623,085)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">83,300,573</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Historic cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">83,300,573</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">83,300,573</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">(1) See </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 7pt">Note 8 &#8211; </FONT></I></B></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 7pt">Business Combinations</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">(2) See </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 7pt">Note 25 &#8211; Assets of disposal group held for sale</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">There are no restrictions or pledges against on goodwill.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="36%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Segment</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cash Generating Unit</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(CGU)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Embotelladoras Chilenas Unidas S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,083,766</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,083,766</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Manantial S.A. </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,879,245</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,879,245</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Compa&#241;&#237;a Pisquera de Chile S.A. </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,808,550</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,664,795</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Los Huemules S.R.L. </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">47,443</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">47,443</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Sub-Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">27,819,004</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">30,675,249</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">International Business</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">CCU Argentina S.A. and subsidiaries</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,864,697</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,557,934</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Marzurel S.A., Coralina S.A. and Milotur S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,701,975</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,580,451</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bebidas del Paraguay S.A. and Distribuidora del Paraguay S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,514,631</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,566,003</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Sub-Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">23,081,303</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">23,704,388</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Wines</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Vi&#241;a San Pedro Tarapac&#225; S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">32,400,266</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">32,400,266</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Sub-Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">32,400,266</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">32,400,266</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="36%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">83,300,573</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">86,779,903</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-67</FONT></FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_205"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 45.15pt">

   <TD style="HEIGHT: 45.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="66%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0pt" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 45.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="34%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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 and with an average grown-rate of 3%. The rates used to discount the projected cash flows reflect the market assessment of the specific risks related to the corresponding CGU. The pre-tax discount rates used range from a 9.6% to 13.3%. 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">As December 31, 2015, t</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">he Company has not identified any evidence of impairment of goodwill</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B></B>&nbsp;</H1>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-68</FONT></FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_206"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 56.55pt">

   <TD style="HEIGHT: 56.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="65%">

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 56.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="35%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 14pt">Note 23 </FONT></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 12pt">Property, plant and equipment</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0pt 0pt 0cm" align=left><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The movement of Property, plant and equipment is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0pt 0pt 0cm" align=left>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 28.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 28.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="19%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 28.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 6pt">&nbsp;</FONT></B></FONT><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Land, buildings and contruction </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 28.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp;Machinery and equipment </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 28.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp;Bottles and containers </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 28.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp;Other Equipment </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 28.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 6pt">&nbsp;Assets under contruction and vines under formation</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 28.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 6pt">&nbsp;</FONT></B></FONT><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Furniture, accesories and vehicles </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 28.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Assets under finance lease</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 28.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Under production vines&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 28.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp;Total </FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 10.5pt">

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp;ThCh$ </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp;ThCh$ </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp;ThCh$ </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp;ThCh$ </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp;ThCh$ </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp;ThCh$ </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp;ThCh$ </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp;ThCh$ </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">&nbsp;ThCh$ </FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">As of January 1, 2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Historic cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">453,487,502</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">349,828,341</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">161,171,871</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">97,514,125</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">89,374,472</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">46,791,929</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">16,605,170</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">28,664,297</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,243,437,707</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Accumulated depreciation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(123,108,099)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(218,430,772)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(85,972,361)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(68,502,303)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(33,715,569)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(2,240,127)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(12,812,047)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(544,781,278)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">330,379,403</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">131,397,569</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">75,199,510</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">29,011,822</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">89,374,472</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">13,076,360</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">14,365,043</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">15,852,250</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">698,656,429</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 2.25pt">

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Additions</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">212,498,423</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">212,498,423</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 5pt">Additions of historic cost by business combintation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">10,427,012</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">12,835,099</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">3,418,895</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">36,673</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,183,127</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">27,900,806</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 5pt">Additions of acumulated depreciation by business combination</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,389,726)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(7,479,822)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,432,178)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(976,481)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(11,278,207)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Transfers</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">100,881,784</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">36,903,635</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">31,891,992</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">16,780,869</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(198,536,632)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">10,054,122</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">214,720</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,809,510</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Conversion effect historic cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(3,282,317)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(4,921,609)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(4,702,605)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,528,664)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(318,097)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(230,044)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(20,437)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(15,003,773)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Write off (cost)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,209,647)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,572,892)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(806,633)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(869,736)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,107,114)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(4,543)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(415,903)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(5,986,468)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Write off (depreciation)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,662</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,413,756</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">788,331</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">868,292</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">880,419</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">2,310</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">231,641</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">4,186,411</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Capitalized interests</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">189,738</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">888,636</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(68,078)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,010,296</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Depreciation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(13,108,407)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(17,346,363)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(18,438,461)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(7,772,824)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(5,888,407)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(435,795)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,179,010)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(64,169,267)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Conversion effect depreciation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">360,239</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,784,979</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,700,078</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">850,194</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">184,539</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">42,677</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">4,922,706</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Others increase (decreased)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,577,324)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,465,411</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">2,208,005</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(643,234)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(567,720)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">28,620</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(392,983)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">520,775</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 5pt">Transfers to Investment Property (cost)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(534,384)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(559,440)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,093,824)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 5pt">Transfers to Investment Property (depreciation)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">12,590</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">12,590</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Divestitures (cost)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(912,917)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(8,793,380)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(751,727)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(2,887,307)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(525,145)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(7,538)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(13,878,014)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Divestitures (depreciation)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">424,428</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">8,619,785</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">694,205</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">2,761,160</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">451,775</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">5,406</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">12,956,759</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">420,662,134</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">155,194,804</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">87,782,695</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">38,557,289</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">101,859,601</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">17,131,771</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">13,746,620</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">16,320,728</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">851,255,642</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 1.5pt">

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Historic cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">557,500,819</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">388,454,274</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">189,538,674</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">111,860,840</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">101,859,601</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">56,290,001</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">16,367,167</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">30,037,467</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,451,908,843</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Accumulated depreciation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(136,838,685)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(233,259,470)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(101,755,979)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(73,303,551)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(39,158,230)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(2,620,547)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(13,716,739)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(600,653,201)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">420,662,134</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">155,194,804</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">87,782,695</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">38,557,289</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">101,859,601</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">17,131,771</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">13,746,620</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">16,320,728</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">851,255,642</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 1.5pt">

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Additions</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">123,581,249</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">123,581,249</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Transfers</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">24,332,658</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">53,855,456</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">21,539,178</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">12,777,031</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(121,954,867)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">8,596,245</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">8,750</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">845,549</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Conversion effect historic cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(6,736,100)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(10,797,668)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(11,546,968)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(4,002,063)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(460,019)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(511,782)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(2,578)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(180,003)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(34,237,181)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Write off (cost)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(747,359)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(289,708)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(3,742,613)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,918,945)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,156,594)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(18,734)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(7,873,953)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Write off (depreciation)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">394,898</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">184,171</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">3,456,971</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,909,228</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">636,696</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">12,858</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">6,594,822</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Capitalized interests</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">579,382</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,434,338</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(926,744)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,086,976</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Depreciation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(16,319,675)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(23,241,987)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(20,568,254)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(9,738,483)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(6,504,278)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(290,871)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,009,087)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(77,672,635)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Conversion effect depreciation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">828,924</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">4,905,696</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">5,480,844</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">2,894,015</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">353,900</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">256</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">81,519</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">14,545,154</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Others increase (decreased)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(314,605)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,065,596)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">783,920</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">226,420</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(4,709)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">150,953</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(23,262)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(246,879)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Divestitures (cost)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(416,892)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,536,631)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(11,721,918)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,758,026)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,512,864)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(283)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(1,063,451)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(18,010,065)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Divestitures (depreciation)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">489,274</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,193,606</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">10,980,342</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,624,423</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">965,423</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">165</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">629,647</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">15,882,880</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 5pt">Transfers to assets held for sale (cost)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(2,682,692)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(2,682,692)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 5pt">Transfers to assets held for sale (depreciation)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">443,892</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">443,892</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">420,513,839</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">179,836,481</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">82,444,197</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">40,570,889</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">102,094,511</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">18,149,470</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">13,432,921</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">15,624,902</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">872,667,210</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 2.25pt">

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 2.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Historic cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">569,642,008</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">428,398,944</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">185,024,437</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">117,920,217</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">102,094,511</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">60,844,400</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">16,447,490</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">29,639,562</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">1,510,011,569</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">Accumulated depreciation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(149,128,169)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(248,562,463)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(102,580,240)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(77,349,328)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(42,694,930)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(3,014,569)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(14,014,660)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 5pt">(637,344,359)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">420,513,839</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">179,836,481</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">82,444,197</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">40,570,889</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">102,094,511</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">18,149,470</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">13,432,921</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">15,624,902</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">872,667,210</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-69</FONT></FONT></P>

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<TR style="HEIGHT: 44.95pt">

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="66%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="34%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT color=#339966>&nbsp;
   <IMG border=0 src="x16042214302101.gif"></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The balance of the land at the end of each year is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Land</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">227,849,584</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">228,846,045</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">227,849,584</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">228,846,045</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Capitalized interest as of December 31, 2015, amounted to ThCh$ 1,086,976 (ThCh$ 1,010,296 in 2014), using an annually capitalization rate of 4.17% for both years.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company, through its subsidiaries Vi&#241;a San Pedro Tarapac&#225; 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The grapes harvested from these vines are used in the manufacturing of wine, which is marketed both in the domestic market and abroad.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, the Company maintained approximately 4,245, of which 3,967 hectares are for vines in production stage. Of the total hectares mentioned above, 3,648 correspond to own land and 319 to leased land.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">During 2015, the production plant vines yield approximately 60.1 million kilos of grapes (42.5 million kilos of grapes in 2014).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">For production vines depreciation is carried out on a linear basis and it is based on the 30-years average estimated production useful life, which is periodically assessed. Vines under formation are not depreciated until they start production. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">By the nature of business of the Company, in the value of the assets it is not considered to start an allowance for cost of dismantling, removal or restoration.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">In relation to the impairment losses of property, plant and equipment, the administration has not perceived evidence of impairment with respect to these at December 31, 2015.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Assets under finance lease:</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The book value of land and buildings relates to finance lease agreements for the Parent Company and its subsidiaries. Such assets will not be owned by the Company until the corresponding purchase options are exercised.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Land</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,511,623</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,511,623</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Buildings</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,333,443</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,449,575</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Machinery and equipment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,061,907</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,352,085</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">14,906,973</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">15,313,283</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">In</FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt"> </FONT></I></B></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Note 27, letter b</FONT></I></B></FONT><FONT color=#339966 face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-STYLE: normal">)</FONT></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt"> </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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 CCU S.A., Compa&#241;&#237;a Cervecera Kunstmann S.A. and Manantial S.A.</FONT></FONT></P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B></B>&nbsp;</H1>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-70</FONT></FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_208"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 44.95pt">

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="66%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="34%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 14pt; FONT-STYLE: normal">Note 24 </FONT></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 12pt">Investment Property</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Changes in the movement of the investment property during the years ended <FONT face=Arial>as </FONT>of December 31, 2014 and 2015 is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="59%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Lands</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Buildings</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of January 1, 2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Historic cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,590,369</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,964,783</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,555,152</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Depreciation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(653,691)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(653,691)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#ffffff face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,590,369</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,311,092</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,901,461</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Additions</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">275,001</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">275,001</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Transfers from PPE (Cost)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">243,505</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">850,319</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,093,824</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Transfers from PPE (acumulated depreciation)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(12,590)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(12,590)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Depreciation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(65,208)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(65,208)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Convertion effect (Cost)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(248,418)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(39,897)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(288,315)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Conversion effect (depreciation)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,440</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,440</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#ffffff face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,860,457</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,057,156</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,917,613</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Historic cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,860,457 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,775,205 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,635,662 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Depreciation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -&nbsp;&nbsp; </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(718,049)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(718,049)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#ffffff face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,860,457</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,057,156</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,917,613</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Additions</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,148</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,148</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Transfers from PPE (cost)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(275,000)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(275,000)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Depreciation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(60,450)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(60,450)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Convertion effect (Cost)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(488,315)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(291,926)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(780,241)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Conversion effect (depreciation)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">31,932</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">31,932</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#ffffff face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,097,142</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,740,860</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,838,002</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Historic cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,097,142 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,487,425 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,584,567 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#000000 face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Depreciation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -&nbsp;&nbsp; </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(746,565)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(746,565)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#ffffff face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Book Value</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,097,142</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,740,860</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,838,002</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Investment property includes twenty land properties, two offices and one apartment, situated in Chile, which are maintained for appreciation purposes, with one land property, two offices and one apartment of them being leased and generating ThCh$ 172,243 revenue during year 2015 (ThCh$ 153,283 in 2014 and ThCh$110,333 in 2013). Additionally, there are three land properties in Argentina, which are leased and generated an income for ThCh$ 127,093 for year 2015 (ThCh$ 117,661 in 2014 and ThCh$ 134,103 in 2013). In addition, the expenses associated with such investment properties amounted to ThCh$ 120,340 for the year ended as of December 31, 2015 (ThCh$ 190,670 in 2014 and ThCh$ 161,915 in 2013).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The fair value, of investment property that represent 90% of the book value, is ThCh$ 18,365,934.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Management has not detected any evidence of impairment of Investment property.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company does not maintain any pledge or restriction over investment property items.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-71</FONT></FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_209"></A>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="34%" align=right>

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   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

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<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 14pt">Note 25 </FONT></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 12pt">Assets of disposal group held for sale</FONT></B></FONT></H1>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">During the last quarter of 2009, the Board of Tamar&#237; S.A. (</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">merged with Finca la Celia S.A. as of April 1, 2011) </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">During 2010, the Company hired a specialist broker for such assets. Subsequently, on December 13, 2011, a sales reservation contract was signed for all of the assets. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">During December 2014, the subsidiary Sidra La Victoria S.A. authorized the sale of property located in Cipolletti city, Provincia de R&#237;o Negro, Argentina. During November 2015 this property was sold and a gain before tax of ThCh$ 1,977,432 was recognize.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">During September 2015, the subsidiary Saenz Briones S.A. authorized the sale of property located in Luj&#225;n de Cuyo city, Provincia de Mendoza, Argentina.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Besides, during 2015, the subsidiary Vi&#241;a Valles de Chile S.A. (legal and continuing successor of Vi&#241;a Misiones de Rengo S.A.) authorized the sale of certanis fixed asstes located in Rengo city, Provincia de Cachapoal, Sexta Regi&#243;n.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">On January 7, 2016, the shareholders of Compa&#241;&#237;a Pisquera Bauz&#225; S.A. came to an agreement in which Compa&#241;&#237;a Pisquera de Chile S.A. (subsidiary of Compa&#241;&#237;a Cervecer&#237;as Unidas S.A.) has sold its interest of 49% to Agroproductos Bauz&#225; S.A. The price of the transaction amounted to UF 150,000 (equivalent to ThCh$ 3,844,364 on December 31, 2015). </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Previously, in October 2015, the Board Director of CPCh agreed to order the Administration to obtain an agreement with Agroproductos Bauz&#225; in terms which were reflected in the before mentioned transaction. The consequence the aforementioned was CPCh recorded a provision before taxes for an amount of ThCh$ 1,401,253, charged to the result for the year 2015. This amount is presented under Other gains/losses in the Consolidated Statement of Income.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As described in </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Note 2.18</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, non-current assets held for sale have been recorded at the lower of book value and estimated sale value </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, 2015.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">At </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015 and 2014</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, the items of assets held for sale are the following:</FONT></FONT></P>

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<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="72%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Assets of disposal group held for sale</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Land</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,855,980</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">196,818</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Contructions</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">544,863</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">467,833</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Machinery</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">74,109</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">94,109</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Joint agreement (Trade surplus , net of deferred taxes)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,844,364</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,319,316</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">758,760</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B></B>&nbsp;</H1>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-72</FONT></FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_210"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

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<TR style="HEIGHT: 44.95pt">

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="66%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="34%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

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<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 14pt">Note 26 </FONT></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 12pt">Income taxes </FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Tax accounts receivable</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The detail of the taxes receivables is the following:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Refundable tax previous year</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,773,573</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">658,744</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Taxes under claim</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,661,253</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,808,110</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Argentinean tax credits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,756,333</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,910,500</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Monthly provisions</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,592,593</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,394,028</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Payment of absorbed profit provision</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">33,276</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">975,477</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other credits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,447,192</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,666,555</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">15,264,220</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,413,414</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Taxes accounts payable</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The detail of taxes payable taxes is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean income taxes</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,689,139</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,718,638</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Monthly provisional payments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,488,085</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,113,611</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean unique taxes</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">224,045</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">48,810</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Estimated Argentine minimum gain subsidiaries taxes</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">796,755</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">816,076</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,198,024</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,697,135</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-73</FONT></FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_211"></A>

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<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 44.95pt">

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="66%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="34%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Tax expense</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The detail of the income tax and deferred tax expense for the years ended as of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015, 2014 and 2013</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="57%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended as of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="57%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="57%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="57%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Income as per deferred tax related to the origin and reversal of temporary differences</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(454,933)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%">&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">992,342</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">101,216</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="57%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Prior year adjustments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,204,656</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%">&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,763,242</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,857,107</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="57%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Effect of change in tax rates</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,066,964)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(14,520,287)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="57%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Tax benefits (loss)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">248,559</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%">&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">527,447</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(2,225,971)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="57%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total deferred tax expense (1)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,931,318</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(8,237,256)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,732,352</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="57%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current tax expense</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(48,168,474)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%">&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(34,522,795)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(35,137,106)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="57%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Prior period adjustments </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(3,877,360)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%">&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(3,913,449)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(5,300,153)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="57%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">(Loss) Income from income tax</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(50,114,516)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(46,673,500)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(34,704,907)</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">(1)&nbsp;&nbsp; On September 29, 2014 Act No. 20,780 was published in Chile, regarding the so called &#8220;Tax reform&#8221; which introduces amendments, among others, to the Income tax system.&nbsp; The said Act provides that corporations will apply by default the "Partially Integrated System", unless a future Extraordinary Shareholders Meeting agrees to opt for the "Attributed Income Regime&#8221;. The Act provides for the "Partially Integrated System" a gradual increase in the First Category Income tax rate, going from 20% to 21% for the business year 2014, to 22.5% for the business year 2015, to 24% for the business year 2016, to 25.5% for the business year 2017 and to 27% starting 2018 business year.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The effect of the new tax rate of 21%, applicable from January 1, 2014, resulted in charges of ThCh$ 1,359,437 against income in 2014.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The difference between assets and liabilities for deferred taxes which occur as a direct effect of the increase in the First Category Income tax rate introduced by Act No. 20,780, has been accounted against to Net income. As of December 31, 2014, the total effect registered against the Net income was an amount of ThCh$ 14,520,287.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The deferred taxes related to items charged or credited directly to Consolidated Statement of Comprehensive Income are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="57%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended as of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="57%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="57%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="57%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Net income from cash flow hedge</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(17,563)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%">&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">39,470</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(51,304)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="57%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Actuarial gains and losses deriving from defined benefit plans</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">314,541</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%">&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">501,689</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">105,151</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="57%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Charge to equity</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">296,978</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">541,159</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">53,847</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Effective Rate</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company&#8217;s income tax expense as of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015, 2014&nbsp;and 2013</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt"> represents 26.4%, 27.9% and 20.7%, respectively of income before taxes. The following is reconciliation between such effective tax rate and the statutory tax rate valid in Chile.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 23.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 23.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="46%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 23.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="54%" colSpan=6>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 7pt">For the years ended as of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Tax rate %</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Tax rate %</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6pt">Tax rate %</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="46%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">Income before taxes</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">190,640,106</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">- </FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">167,465,421</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">- </FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">167,609,458</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">- </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="46%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 7pt">Income tax using the statutory rate</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">(42,894,024)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">22.5 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">(35,167,738)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">21.0 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">(33,521,892)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">20.0 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="46%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 7pt">Adjustments to reach the effective rate</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="46%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 7pt">Tax effect of permanent differences and non-taxable items, net</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">(3,202,337)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">1.7 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">(70,944)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">0.1 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">(1,307,033)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">0.7 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="46%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 7pt">Effect of change in tax rate</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">(1,066,964)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">0.6 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">(14,520,287)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">8.6 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">- </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="46%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 7pt">Effect of tax rates abroad</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">(2,278,489)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">1.2 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">2,235,676</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">(1.3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">(2,432,936)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">1.5 </FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="46%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">Prior year adjustments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">(672,702)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">0.4 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">849,793</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">(0.5)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">2,556,954</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">(1.5)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="46%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">Income tax, as reported</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">(50,114,516)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">26.4 </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">(46,673,500)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">27.9 </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">(34,704,907)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">20.7 </FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-74</FONT></FONT></P>

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<TR style="HEIGHT: 44.95pt">

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="66%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="34%" align=right>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Deferred taxes</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Deferred tax assets and liabilities included in the Balance Sheet were as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Deferred tax assets</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Accounts receivable impairment provision</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">712,135</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">721,772</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Employee benefits and other non taxable expenses</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,402,580</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,984,756</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Inventory impairment provision</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">894,231</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">886,694</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Severance indemnity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,044,560</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,592,647</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Inventory valuation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,060,489</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,143,039</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Amortization of intangibles</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,785,174</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,021,992</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,927,120</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,401,374</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Tax loss carryforwards</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,703,304</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,454,745</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Total assets from deferred taxes</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">34,529,593</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">30,207,019</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">&nbsp;</TD>

   <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Deferred taxes liabilities</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Fixed assets depreciation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">39,673,300</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">36,618,758</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Capitalized software expense</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,852,161</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,694,859</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Agricultural operation expense</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,348,021</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,493,499</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Manufacturing indirect activation costs</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,867,574</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,777,813</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Intangibles</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,654,342</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,524,509</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Land</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">28,756,600</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">30,479,610</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other liabilities</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">994,965</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">929,652</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Total liabilities from deferred taxes</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">88,146,963</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">87,518,700</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(53,617,370)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(57,311,681)</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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 and Associates.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 27.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 27.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Movement of deferred taxes </FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 27.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">Deferred Taxes ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of January 1, 2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(48,508,053)</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Deferred taxes for business combination</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(461,566)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Deferred Tax Losses Tax absorption</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(968,195)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Charge to income tax deferred</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(8,237,257)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Conversion effect</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">84,862</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Deferred taxes against equity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">541,159</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other deferred movements taxes</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">237,369</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Charge</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(8,803,628)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(57,311,681)</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of January 1, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Deferred taxes for joint operation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">881,910</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Deferred taxes from tax loss carry forwards absortion</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(33,276)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Credit to income tax deferred</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,931,318</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Conversion effect</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">503,187</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Deferred taxes against equity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">296,978</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other deferred movements taxes</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">114,194</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Credit </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,694,311</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(53,617,370)</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-75</FONT></FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<P>&nbsp;</P><A name="page_213"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 44.95pt">

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="66%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 6.3pt 0pt 0cm" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="34%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 14pt">Note 27 </FONT></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 12pt">Other financial liabilities </FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Debts and financial liabilities classified based on the type of obligation and their classifications in the consolidated balance sheet are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bank borrowings (*)</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,050,091</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">95,822,149</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bonds payable (*)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">74,508,233</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">73,937,639</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Financial leases obligations (*)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,559,874</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,392,945</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Deposits for return of bottles and containers</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,503,170</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,787,424</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Derivatives (**)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">171,470</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">684,317</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Liability coverage (**)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">107,698</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">228,376</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">180,900,536</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">199,852,850</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">43,973,991</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">65,318,293</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Non current</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">136,926,545</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">134,534,557</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">180,900,536</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">199,852,850</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">(*)&nbsp; See </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt">Note 5</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">(**) See </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt">Note 6</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">.</FONT></FONT></P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-76</FONT></FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_214"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 44.95pt">

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="67%">

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The maturities and interest rates of such obligations are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of </FONT></I></B></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 9pt">December 31, 2015</FONT></I></B></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">:</FONT></I></B></FONT></P>

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<TR style="HEIGHT: 5.25pt">

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="36%" colSpan=6 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 4pt">Undiscounting amounts according to maturity</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Debtor Tax ID</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Company</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Debtor country</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Lending party Tax ID</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Creditor name</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Creditor country</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Currency</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">0 to 3 months</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">3 months to 1 year</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Over 1 year to 3 years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Over 3 years to 5 years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Over 5 years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Amortization rate</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Interest Rate</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">%</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Bank borrowings</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Supervielle</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">USD</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">128,459</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">128,459</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">6.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Patagonia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">272,706</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">272,706</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Patagonia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">106,222</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">106,222</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28.50</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Patagonia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">420,665</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">420,665</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Patagonia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,857</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">7,389</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">3,095</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">12,341</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Quarter</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">15.25</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Patagonia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">506,450</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">506,450</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">27.50</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco San Juan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">151,260</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">151,260</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco San Juan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">486,804</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">486,804</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Patagonia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">405,927</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">405,927</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">25.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco BBVA</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">535,283</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">535,283</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29.50</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">91.041.000-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Vi&#241;a San Pedro Tarapaca S.A. (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28,782</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">3,150,341</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">3,179,123</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1.92</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">91.041.000-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Vi&#241;a San Pedro Tarapaca S.A. (2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">66,496</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">7,101,600</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">7,168,096</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1.90</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">91.041.000-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Vi&#241;a San Pedro Tarapaca S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">56,243</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">9,739,054</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">9,795,297</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">2.70</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">91.041.000-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Vi&#241;a San Pedro Tarapaca S.A. (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.018.000-1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Scotiabank</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">2,977</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">5,590,024</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">5,593,001</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1.15</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">99.586.280-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;&#237;a Pisquera de Chile S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">449,879</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">15,978,778</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">16,428,657</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">6.86</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">15,123</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">46,470</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">109,544</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">171,137</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4.80</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">8,529</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">26,304</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">75,692</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">16,855</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">127,380</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">5.48</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">7,004</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">21,588</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">12,375</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">40,967</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">5.36</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">13,500</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">40,500</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">108,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">72,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">234,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">6.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">19,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">57,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">88,668</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">164,668</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">7.59</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">14,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">42,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">112,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">32,667</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">200,667</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">5.88</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">22,500</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">67,500</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">180,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">112,500</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">382,500</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">5.76</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">76.645.030-K</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Ita&#250;</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">23,690</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">56,839</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">80,529</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">6.66</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">76.645.030-K</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Ita&#250;</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">7,704</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">23,532</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">68,516</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">50,621</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">150,373</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">6.12</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">200,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">200,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">5.26</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">254,313</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">254,313</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4.38</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">35,843</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">36,436</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">72,279</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">7.56</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">150,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">150,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">5.40</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">255,510</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">255,510</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4.22</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">18,029</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">55,418</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">158,974</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">138,117</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">370,538</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">5.02</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Milotur S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Nuevo Banco Comercial</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">25,991</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">71,036</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97,027</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">5.50</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Milotur S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Ita&#250;</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">UYI</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">344,850</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,701,800</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">2,046,650</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">6.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.981.310-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;ia Cervecera Kunstmann S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">515,083</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">515,083</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4.34</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.981.310-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;ia Cervecera Kunstmann S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">618,100</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">618,100</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4.34</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.981.310-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;ia Cervecera Kunstmann S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,030,538</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,030,538</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4.38</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.981.310-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;ia Cervecera Kunstmann S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.018.000-1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Scotiabank</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">7,229</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">453,561</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">460,790</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1.90</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.981.310-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;ia Cervecera Kunstmann S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">180,724</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">555,208</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,589,858</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,378,183</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">3,703,973</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">5.02</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.981.310-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;ia Cervecera Kunstmann S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.018.000-1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Scotiabank</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,028,447</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,028,447</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4.08</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;&#237;a Industrial Cervecera S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco BNA</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">345,777</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">927,294</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">2,472,784</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,236,392</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4,982,247</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">15.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;&#237;a Industrial Cervecera S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco BNA</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">173,166</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">392,114</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">697,088</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,262,368</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">25.19</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;&#237;a Industrial Cervecera S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco BBVA</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">560,011</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,633,640</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,089,584</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">3,283,235</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Quarter</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">26.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;&#237;a Industrial Cervecera S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Galicia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,272,502</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,815,157</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">5,446,285</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">8,533,944</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Quarter</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29.40</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;&#237;a Industrial Cervecera S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Macro</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">44,130</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">136,150</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">75,639</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">255,919</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">15.25</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Saenz Briones &amp; C&#237;a SAIC</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Citibank</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">65,596</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">121,022</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">186,618</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">15.25</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Sub-Total</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">6,259,888</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">21,455,110</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">35,558,704</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">12,776,389</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">76,050,091</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-77</FONT></FONT></P>

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   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="33%">

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

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<TR style="HEIGHT: 9pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="36%" colSpan=6 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 5pt">Undiscounting amounts according to maturity</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Debtor Tax ID</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Company</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Debtor country</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="16%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 5pt">Registration or ID No. Instrument</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Creditor country</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Currency</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">0 to 3 months</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">3 months to 1 year</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Over 1 year to 3 years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Over 3 years to 5 years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Over 5 years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Amortization rate</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Interest Rate</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">%</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Bonds payable</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">90.413.000-1</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A.</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">388 18/10/2004 BONO SERIE E</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">UF</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">2,539,921</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">4,953,915</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">5,095,419</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">10,251,636</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">22,840,891</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Semiannual</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">4.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">90.413.000-1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">573 23/03/2009 BONO SERIE H</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">615,318</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">2,252,581</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">48,799,443</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">51,667,342</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Semiannual</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">4.25</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Sub-Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">615,318</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">2,539,921</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">4,953,915</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">7,348,000</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">59,051,079</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">74,508,233</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 5.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="36%" colSpan=6 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 4pt">Undiscounting amounts according to maturity</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Debtor Tax ID</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Company</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Debtor country</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Lending party Tax ID</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Creditor name</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Creditor country</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Currency</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">0 to 3 months</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">3 months to 1 year</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Over 1 year to 3 years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Over 3 years to 5 years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Over 5 years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Amortization rate</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Interest Rate</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">%</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Financial leases obligations</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">0-E</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Argentina</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">O-E</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banco Supervielle</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Argentina</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">$ARG</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">1,267</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">3,900</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">6,147</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">11,314</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Monthly</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">17.50</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">97.000.600-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banco de Creditos e Inversiones</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">5,371</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">16,386</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">9,292</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">31,049</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">5.06</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">10,764</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">16,845</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">13,524</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">41,133</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">9.31</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">97.053.000-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banco Security</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">21,598</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">25,628</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">12,867</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">60,093</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">6.81</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">90.413.000-1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">99.012.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Consorcio Nacional de Seguros S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">12,499</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">38,806</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">113,757</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">225,991</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">16,628,473</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">17,019,526</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">7.07</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.981.310-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Compa&#241;&#237;a Cervecera Kunstmann S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">42,822</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">23,183</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">12,799</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">78,804</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">5.58</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.981.310-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Compa&#241;&#237;a Cervecera Kunstmann S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">23,716</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">72,672</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">196,552</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">292,940</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">4.33</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">76.077.848-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Cervecera Belga de la Patagonia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">97.015.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banco Santander de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">1,455</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">4,504</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">13,097</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">5,959</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">25,015</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">6.27</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Sub-Total </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">119,492</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">201,924</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">378,035</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">231,950</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">16,628,473</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">17,559,874</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">6,994,698</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">24,196,955</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">40,890,654</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">20,356,339</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">75,679,552</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">168,118,198</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 6pt">(1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 6pt">(Note 6</FONT></I></B></FONT><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 6pt; FONT-WEIGHT: normal; FONT-STYLE: normal">)</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 6pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 6pt">(2) This obligation is hedged by a Cross Interest Rate Swap agreement </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 6pt">(</FONT></I></B></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 6pt">Note 6</FONT></I></B></FONT><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 6pt; FONT-WEIGHT: normal; FONT-STYLE: normal">)</FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 7pt">.</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-78</FONT></FONT></P>

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   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of December 31, 2014:</FONT></I></B></FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 4pt">Undiscounting amounts according to maturity</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Debtor Tax ID</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Company</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Debtor country</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Lending party Tax ID</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Creditor name</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Creditor country</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Currency</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">0 to 3 months</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">3 months to 1 year</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Over 1 year to 3 years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Over 3 years to 5 years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Over 5 years</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Total</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Amortization rate</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Interest Rate</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">%</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Bank borrowings</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 5.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Santader RIO</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">USD</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">338,173</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">338,173</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Santader RIO</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">338,173</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">338,173</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Supervielle</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">73,057</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">73,057</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Supervielle</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">79,145</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">79,145</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Supervielle</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">76,101</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">76,101</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Supervielle</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">75,844</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">75,844</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Fondo para la Transformaci&#243;n y Crec.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">2,114</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">2,114</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Semiannual</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">6.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Patagonia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">581,393</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">581,393</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28.50</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Patagonia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">569,746</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">569,746</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">30.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Patagonia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">327,034</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">327,034</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28.50</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Patagonia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">174,129</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">174,129</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">26.50</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Patagonia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">3,725</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">13,226</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">13,708</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">30,659</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Quarter</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">15.25</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Patagonia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">131,476</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">131,476</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">26.50</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco San Juan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco San Juan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco San Juan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco San Juan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco San Juan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco San Juan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco San Juan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco San Juan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco San Juan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco San Juan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco San Juan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco San Juan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco San Juan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,640</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,640</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">26.50</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco San Juan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,640</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,640</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">26.50</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco San Juan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">177,838</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">177,838</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">26.50</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco San Juan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco San Juan</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29,711</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">BBVA</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">402,311</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">402,311</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">28.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Patagonia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">43,659</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">43,659</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">24.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">91.041.000-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Vi&#241;a San Pedro Tarapaca S.A. (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">23,097</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">2,691,604</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">2,714,701</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1.79</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">91.041.000-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Vi&#241;a San Pedro Tarapaca S.A. (2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">53,348</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">6,067,500</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">6,120,848</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1.79</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">91.041.000-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Vi&#241;a San Pedro Tarapaca S.A. (2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.018.000-1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Scotiabank</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,438</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4,854,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4,855,438</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1.19</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">91.041.000-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Vi&#241;a San Pedro Tarapaca S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">EUR</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4,590,673</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4,590,673</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0.59</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">91.041.000-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Vi&#241;a San Pedro Tarapaca S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">54,044</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">9,358,298</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">9,412,342</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">2.70</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">99.586.280-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;&#237;a Pisquera de Chile S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">448,895</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">15,949,982</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">16,398,877</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">6.86</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">14,752</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">42,394</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">120,811</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">48,426</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">226,383</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4.80</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">7,798</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">23,813</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">68,838</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">53,562</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">154,011</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">5.48</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">6,392</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">19,613</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">39,365</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">65,370</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">5.36</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,654</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">2,266</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">3,920</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">9.12</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">19,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">57,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">152,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">12,667</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">240,667</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">7.59</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">14,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">42,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">112,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">88,667</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">256,667</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">5.88</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">76.645.030-K</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Ita&#250;</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">9,214</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">3,107</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">12,321</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">7.32</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">76.645.030-K</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Ita&#250;</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">7,426</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">17,873</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">25,299</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">7.56</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">76.645.030-K</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Ita&#250;</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">22,178</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">68,690</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">80,528</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">171,396</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">6.66</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">76.645.030-K</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Ita&#250;</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">62,759</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">192,305</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">255,064</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4.38</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">251,734</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">251,734</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0.37</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">5,834</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">14,043</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">19,877</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0.63</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">33,596</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">104,022</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">72,279</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">209,897</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0.63</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">200,852</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">200,852</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0.63</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">76.645.030-K</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Ita&#250;</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">18,792</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">18,792</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0.50</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Milotur S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Nuevo Banco Comercial</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">23,418</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">69,795</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">93,672</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">186,885</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">5.50</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Milotur S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Nuevo Banco Comercial</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">601,212</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">601,212</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">17.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Milotur S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Nuevo Banco Comercial</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">357,814</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">357,814</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1.12</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Milotur S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Nuevo Banco Comercial</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">138,532</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">138,532</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">17.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Milotur S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">O-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Nuevo Banco Comercial</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Uruguay</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">643,409</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">643,409</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">16.80</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.981.310-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;ia Cervecera Kunstmann S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">515,411</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">515,411</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4.50</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.981.310-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;ia Cervecera Kunstmann S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">618,493</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">618,493</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4.50</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.981.310-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;ia Cervecera Kunstmann S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,034,167</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,034,167</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4.92</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.981.310-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;ia Cervecera Kunstmann S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.018.000-1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Scotiabank</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">2,413</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">387,514</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">389,927</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1.90</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">96.981.310-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;ia Cervecera Kunstmann S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,303,864</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,303,864</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">3.22</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;&#237;a Industrial Cervecera S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco BBVA</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,541,623</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4,401,173</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">5,942,796</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Quarter</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">15.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;&#237;a Industrial Cervecera S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco BNA</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">445,789</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,208,180</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">3,221,814</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">3,221,813</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">8,097,596</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">15.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;&#237;a Industrial Cervecera S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Macro</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">54,865</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">177,392</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">335,073</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">567,330</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">15.25</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;&#237;a Industrial Cervecera S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco BBVA</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">690,557</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">1,418,990</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">4,257,610</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">6,367,157</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Quarter</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">26.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;&#237;a Industrial Cervecera S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Citibank</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">14,494,421</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">14,494,421</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">26.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Compa&#241;&#237;a Industrial Cervecera S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Santander R&#237;o</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">3,063,385</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">3,063,385</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">29.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Saenz Briones SA</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">HSBC</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">2,724</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">2,724</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">20.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Saenz Briones SA</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Citibank</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">93,631</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">236,522</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">236,522</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">566,675</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">15.25</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 4.5pt">

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Saenz Briones SA</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">0-E</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Banco Patagonia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">Argentina</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">829,136</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">829,136</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">At maturity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 4.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 3pt">30.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Sub-Total</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">28,599,857</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">20,538,039</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">33,900,820</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">12,783,433</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">95,822,149</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 6pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 18pt 0pt 0cm" align=center>&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-79</FONT></FONT></P>

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<TR style="HEIGHT: 44.95pt">

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="67%">

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<DIV align=left>&nbsp;</DIV></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 9pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=3 width="15%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 5pt">Registration or ID No. Instrument</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="36%" colSpan=6 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 5pt">Undiscounting amounts according to maturity</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Debtor Tax ID</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Company</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Debtor country</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Creditor country</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Currency</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">0 to 3 months</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">3 months to </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">1 year</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Over 1 year to 3</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">&nbsp;years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Over 3 years to 5 </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Over 5 years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Amortization</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">&nbsp;rate</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Interest </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Rate</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">%</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Bonds payable</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">90.413.000-1</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">CCU S.A</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">388 18/10/2014 BONO SERIE E</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">UF</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">2,437,294</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">4,741,076</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">4,818,518</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">12,313,550</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">24,310,438</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Semiannual</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">4.00</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">90.413.000-1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">CCU S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">573 23/03/2009 BONO SERIE H</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">592,131</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">2,149,320</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">46,885,750</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">49,627,201</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Semiannual</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">4.25</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Sub-Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">592,131</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">2,437,294</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">4,741,076</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">6,967,838</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">59,199,300</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">73,937,639</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 9pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="36%" colSpan=6 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 5pt">Undiscounting amounts according to maturity</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Debtor Tax ID</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Company</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Debtor country</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Lending party</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">&nbsp;Tax ID</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Creditor name</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Creditor country</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Currency</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">0 to 3 months</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">3 months to 1 year</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Over 1 year to 3</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">&nbsp;years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Over 3 years to 5 years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Over 5 years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Amortization rate</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Interest </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Rate</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">%</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 5pt">Financial leases obligations</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">0-E</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Finca La Celia S.A</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Argentina</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">O-E</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Supervielle</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Argentina</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">$ARG</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">1,475</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">4,620</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">11,088</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">2,466</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">19,649</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">At maturity</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">17.50</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">97.000.600-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banco de Creditos e Inversiones</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">7,058</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">15,218</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">29,841</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">52,117</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">0.42</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">20,250</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">42,944</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">37,825</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">101,019</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">0.50</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">12,160</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">6,585</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">18,745</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">1.17</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.711.590-8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">97.053.000-2</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banco Security</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">31,538</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">79,780</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">57,744</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">169,062</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">0.55</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">90.413.000-1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">CCU S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">99.012.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Consorcio Nacional de Seguros S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">22,926</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">38,773</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">102,087</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">117,043</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">16,135,005</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">16,415,834</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">7.07</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.981.310-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Compa&#241;&#237;a Cervecera Kunstmann S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">97.004.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">38,866</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">101,818</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">75,724</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">216,408</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">6.43</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">96.981.310-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Compa&#241;&#237;a Cervecera Kunstmann S.A</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">97.030.000-7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">21,843</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">66,935</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">189,245</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">92,241</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">370,264</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">4.33</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 5.25pt">

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">76.077.848-6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Cervecera Belga de la Patagonia</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">97.015.000-5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Banco Santander de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">1,306</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">4,044</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">11,760</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">12,737</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">29,847</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">Monthly</FONT></FONT></P></TD>

   <TD style="HEIGHT: 5.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 4pt">6.27</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Sub-Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">157,422</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">360,717</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">515,314</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">224,487</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">16,135,005</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">17,392,945</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 8.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">29,349,410</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">23,336,050</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">39,157,210</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">19,975,758</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">75,334,305</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 4pt">187,152,733</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 8.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 6pt">(1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 6pt">(Note 6</FONT></I></B></FONT><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 6pt; FONT-WEIGHT: normal; FONT-STYLE: normal">)</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 6pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 6pt">(2) This obligation is hedged by a Cross Currency Rate Swap agreement </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 6pt">(</FONT></I></B></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 6pt">Note 6</FONT></I></B></FONT><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 6pt; FONT-WEIGHT: normal; FONT-STYLE: normal">)</FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 7pt">.</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-80</FONT></FONT></P>

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<TR style="HEIGHT: 44.95pt">

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="67%">

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Details of the fair value of bank borrowings, financial leases obligations and bonds payable are described in </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt">Note 6</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The effective interest rates of bond obligations are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Bonds Serie A&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.96%</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Bonds Serie E&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.52%</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Bonds Serie H&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.26%</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Bonds Serie I&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.18%</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="27%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 26.25pt">

   <TD style="HEIGHT: 26.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 26.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Fixed Interest</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">&nbsp;Rate</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 26.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Variable Interest </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Rate</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 26.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Fixed Interest </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Rate</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 26.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Variable Interest </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Rate</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">US Dollar</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">686,276</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">15,940,220</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,557,305</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,690,987</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chilean Pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">25,840,175</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,537,298</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Argentine Pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,146,915</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,266,388</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">42,866,462</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Unidades de Fomento</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">102,191,574</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">101,169,041</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Euros</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,590,673</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Uruguayan Pesos</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,740,967</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">UYI</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,046,650</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">147,911,590</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">20,206,608</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">173,461,746</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,690,987</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The terms and conditions of the main interest accruing obligations as of December 31, 2015, were as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT color=#003300 face=arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 11pt; TEXT-DECORATION: none">A)</FONT></B></FONT><FONT color=#003300 face="times new roman"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt; TEXT-DECORATION: none">&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT color=#003300 face=arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 11pt; TEXT-DECORATION: none">Bank Borrowings</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt">Banco Estado &#8211; Bank Loans</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">a) On</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt"> July 27, 2012, the subsidiary Compa&#241;&#237;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 27, 2017.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">This obligation is subject to certain reporting obligations in addition to complying with the following financial ratios, </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">which will be measured on the half-yearly financial statements of CPCh</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(a)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(b)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Maintain a debt ratio of no more than 2.5, measured as Total liabilities divided by Equity.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(c)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Maintain an Equity higher than UF 770,000.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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&nbsp;UF 10,000, except under the terms established by the agreement, among other.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of December 31, 2015, the Company was in compliance with the financial covenants and specific requirements of this loan.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-81</FONT></FONT></P>

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   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">b)&nbsp;&nbsp; On April 25, 2012, the subsidiary Compa&#241;&#237;a Cervecera Kunstmann S.A. signed a bank loan with Banco Estado for a total of ThCh$ 500,000, maturing on April 25, 2013. Subsequently this loan was renewed for one year, maturing on April 25, 2014. It was renewed for one year, maturing on April 25, 2015. Subsequently this loan was renewed for one year, maturing on April 27, 2016.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On April 25, 2014 it was renewed for one year, maturing on April 25, 2015.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On April 24, 2015 it was renewed for one year, maturing on April 27, 2016.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">c)&nbsp;&nbsp; On April 25, 2013, the subsidiary Compa&#241;&#237;a Cervecera Kunstmann S.A. signed a bank loan with Banco Estado for a total of ThCh$ 600,000, maturing on April 25, 2014. It was renewed for one year, maturing on April 25, 2015. Subsequently this loan was renewed for one year, maturing on April 27, 2016.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On April 25, 2014 it was renewed for one year, maturing on April 25, 2015.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On April 24, 2015 it was renewed for one year, maturing on April 27, 2016.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">d)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On April 23, 2012, the subsidiary Vi&#241;a San Pedro Tarapac&#225; S.A. signed a bank loan with Banco Estado for a total of ThCh$ 3,000,000, maturing on July 19, 2012.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On July 19, 2012 the previous loan was renewed for a period of 71 days, maturing on September 28, 2012. Subsequently, on the same time this loan was renewed for a period of 84 days, maturing on December 21, 2012. On December 21, 2012, this loan was renewed for 60 days, maturing on February 19, 2013, renewed again for 94 days, maturing on May 24, 2013.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; TEXT-INDENT: 14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On May 24, 2013, this loan was paid.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; TEXT-INDENT: 14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">e)&nbsp;&nbsp; On July 19, 2012, the subsidiary Vi&#241;a San Pedro Tarapac&#225; S.A. signed a bank loan with Banco Estado for a total of ThCh$ 1,000,000, maturing on September 28, 2012. Subsequently this loan was renewed for a period of 84 days, maturing on December 21, 2012. It was renewed for 60 days, maturing in February 19, 2013, renewed again for 94 days, maturing on May 24, 2013.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp; 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On May 24, 2013, this loan was paid.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">f) &nbsp;&nbsp; On June 16, 2014, the subsidiary Vi&#241;a San Pedro Tarapac&#225; S.A. signed a bank loan with Banco Estado for a total of 6,200,000 euros, maturing on June 16, 2015.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">On June 17, 2015, payment of the loan was made.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">g)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On October 15, 2014, the subsidiary Vi&#241;a San Pedro Tarapac&#225; S.A. signed a bank loan with Banco Estado for a total of UF 380,000, maturing on October 15, 2019.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest semi-annually and capital amortization consists of a single payment at the end of the established term.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">h)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On December 3, 2014, the subsidiary Compa&#241;&#237;a Cervecera Kunstmann S.A. signed a bank loan with Banco Estado for a total of ThCh$ 1,300,000, maturing on March 31, 2015. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">On May 29, 2015 the loan was renewed for a term of 3 months, maturing on July 28, 2015.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">On July 17, 2015, payment of the loan was made.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Banco de Chile &#8211; Bank Loans</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">a) On July 11, 2011, the subsidiary Vi&#241;a San Pedro Tarapac&#225; S.A. signed a bank loan with Banco de Chile for a total of US$ 4,436,100, maturing on July 11, 2016.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp; 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp; 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 </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt">Note 5 and&nbsp;6</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">b) On July 7, 2011, the subsidiary Vi&#241;a San Pedro Tarapac&#225; S.A. signed a bank loan with Banco de Chile for a total of US$ 10,000,000, maturing on July 7, 2016.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp; 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp; 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></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt">Note 5&nbsp;<FONT face=Arial>and </FONT>6</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-82</FONT></FONT></P>

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   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp; The aforementioned loans oblige the Company to comply with the same covenants as the Series A Bond as indicated in letter D) </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Restrictions in this Note. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">c) On April 24, 2014, the subsidiary Compa&#241;&#237;a Cervecera Kunstmann S.A. signed a bank loan with Banco de Chile for a total of ThCh$ 1,000,000, maturing on April 24, 2015.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp; This loan accrued interest at an annual rate. The subsidiary amortizes interest and capital consists of a single payment at the end of the established term.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp; On April 24, 2015 the loan was renewed for a term of 1 year, maturing on April 21, 2016. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">d)&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On April 24, 2015, the subsidiary Compa&#241;&#237;a Cervecera Kunstmann SA He signed a bank loan with Banco de Chile for a total of ThCh$ 600,000 for a period of three months expiring on July 24, 2015.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">This loan bears interest at a fixed interest rate. The subsidiary pays the interest and principal in a single payment at the end of the deadline.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: 5.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On July 24, 2015, payment of the loan was made.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Banco Scotiabank &#8211; Bank Loans</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">a)&nbsp;&nbsp; On June 21, 2012, the subsidiary Vi&#241;a San Pedro Tarapac&#225; S.A. signed a bank loan with Banco Scotiabank for a total of US$ 3,897,940, maturing on June 20, 2013.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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).&nbsp;<FONT face=Arial,sans-serif>&nbsp;For details of the Company`s hedge strategies see </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt">Note 5 and 6</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On June 20, 2013, this loan was paid.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">b)&nbsp;&nbsp; On June 21, 2012, the subsidiary Vi&#241;a San Pedro Tarapac&#225; S.A. signed a bank loan with Banco Scotiabank for a total of US$ 11,000,000, maturing on June 21, 2013.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On June 21, 2013, this loan was paid.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">c)&nbsp; On June 21, 2013, the subsidiary Vi&#241;a San Pedro Tarapac&#225; S.A. signed a bank loan with Banco Scotiabank for a total of US$ 8,000,000, maturing on June 22, 2015.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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></FONT><EM><FONT color=#339966 face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt">Note 5 and&nbsp;</FONT></B></FONT><FONT color=#339966 face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt">6</FONT></B></FONT></EM><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On June 22, 2015, payment of the loan was made.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">d)&nbsp;&nbsp; On September 4, 2014, the subsidiary Compa&#241;&#237;a Cervecera Kunstmann S.A. signed a bank loan with Banco Scotiabank for a total of US$ 638,674, maturing on September 4, 2016.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest semi-annually and capital amortization consists of a single payment at the end of the established term.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-83</FONT></FONT></P>

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   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">e</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">)&nbsp; On June 17, 2015, the subsidiary Vi&#241;a San Pedro Tarapac&#225; S.A. it signed a bank loan with Scotiabank for a total of US$ 7,871,500, with a term of three years maturing on June 18, 2018.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">This loan bears interest at a floating interest rate composed dollar Libor at 90 days plus a fixed margin. The company pays quarterly interest and amortization of capital consists of a single payment at the end of the deadline.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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></FONT><FONT color=#339966 face=Arial,sans-serif><EM><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-STYLE: normal">Note 5 and</FONT></B></EM><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-STYLE: normal">&nbsp;</FONT></B></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt">6</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The aforementioned loans oblige the Company to comply with the covenants indicated in letter D) Restriction in this Note.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">f)&nbsp;&nbsp; On April 24, 2015, the subsidiary Compa&#241;&#237;a Cervecera Kunstmann SA He signed a bank loan with Scotiabank for a total of US $ 1,000,000, with a term of one year expiring at April 22, 2016.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest semi-annually and capital amortization consists of a single payment at the end of the established term.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Banco Santander Chile &#8211; Bank Loans</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">a)&nbsp;&nbsp; On June 17, 2013, the subsidiary Vi&#241;a San Pedro Tarapac&#225; S.A. signed a bank loan with Banco Santander Chile for a total of US$ 8,000,000, maturing on June 17, 2014.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On June 17, 2014, this loan was paid.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">b)&nbsp;&nbsp; On June 17, 2013, the subsidiary Vi&#241;a San Pedro Tarapac&#225; S.A. signed a bank loan with Banco Santander Chile for a total of 6,200,000 Euros, maturing on June 17, 2014.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On June 17, 2014, this loan was paid.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 9pt">BBVA Banco Franc&#233;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 &#8211; Syndicated Bank Loan with Compa&#241;&#237;a Industrial Cervecera S.A. (CICSA)</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">On October 5, 2012, the subsidiary CICSA signed a syndicated bank loan for a total of 187.5 million Argentine Pesos, maturing on October 5, 2015.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The proportional participation of banks lenders is as follows:</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -36pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">a)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">BBVA Bank French S.A., with 55 million Argentine Pesos of pro rata participation.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">b)</FONT></FONT><FONT face="times new roman"><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Banco de la Provincia de Buenos Aires, with 54 million Argentine Pesos.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 35.4pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">c)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">HSBC Bank Argentina S.A., with 43.5 million Argentine Pesos of pro rata participation.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 35.4pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">d)</FONT></FONT><FONT face="times new roman"><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Banco de Galicia y Buenos Aires S.A., with 20 million Argentine Pesos of pro rata participation.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 35.4pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">e)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Citibank NA established in Argentinian Republic, with 15 million Argentine Pesos of pro rata participation.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-84</FONT></FONT></P>

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   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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:</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">a)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="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 face=Arial><SUP>1</SUP></FONT></FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">. </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Adjusted EBITDA means EBITDA as calculated by the Company in accordance with particular debt instruments in order to measure such instruments&#8217; 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">b)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">c)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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&nbsp; 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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">d)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Maintain at the end of each quarter a minimum Equity of 600 million of Argentine Pesos.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of December 31, 2015, the Company was in compliance with the financial covenants and specific requirements of this loan.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><EM>&nbsp;</EM>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 9pt">Banco de la Naci&#243;n Argentina &#8211; Bank Loan with Compa&#241;&#237;a Industrial Cervecera S.A. (CICSA)</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><EM>&nbsp;</EM></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">a)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">On December 28, 2012, CICSA signed a bank loan for a total of 140 million of Argentine pesos for a period of 7 years, maturing on November 26, 2019, and whose loan is delivered in two stages, where the first was carried out on December 28, 2012, for a total of 56 million argentine pesos and the second on June 28, 2013, for a total of 84 million of Argentine pesos.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This loan accrues interest at an annual rate of 15% fixed by first 36 months. </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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&#243;n Argentina, in whose case shall apply this.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The subsidiary amortizes capital in 74 consecutive and equal, once the grace period of 10 months from the date of disbursement.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This loan is guaranteed by CCU S.A., through a Stand By issued by the Banco Estado de Chile in favor of Banco de la Naci&#243;n Argentina (</FONT></FONT><FONT color=windowtext face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-WEIGHT: normal; FONT-STYLE: normal">see</FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-STYLE: normal"> </FONT></B></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt">Note 35</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">)</FONT></FONT><FONT face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">b)&nbsp;&nbsp; On April 20, 2015, the subsidiary CICSA signed a bank loan for a total of 24 million of argentine pesos, maturing on April 4, 2018.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This loan accrues interest </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">at a compound floating rate BADLAR in pesos plus a fixed spread of 500 basis points and subject to the condition that does not exceed the lending rate of portfolio general of Banco de la Naci&#243;n Argentina, in whose case shall apply this.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The subsidiary amortizes capital in 30 monthly, once the grace period of 6 months from de date of disbursement.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This loan is guaranteed by CCU S.A., through a Stand By issued by the Banco Estado de Chile (</FONT></FONT><FONT color=windowtext face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-WEIGHT: normal; FONT-STYLE: normal">see</FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-STYLE: normal"> </FONT></B></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt">Note 35</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">)</FONT></FONT><FONT face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">c</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">)&nbsp;&nbsp; On June 26, 2015, the subsidiary CICSA signed a bank loan for a total of 30 million of argentine pesos, maturing on December 26, 2015.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This loan accrues a fixed interest at an annual rate of 23%. The subsidiary amortizes monthly interest and the capital amortization in 6 monthly.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;<SUP>1</SUP>EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization).</FONT></FONT></P></DIV>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-85</FONT></FONT></P>

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   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 9pt">Banco BBVA Franc&#233;s S.A. &#8211; Bank Loan with Compa&#241;&#237;a Industrial Cervecera S.A. (CICSA)</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On June 18, 2014, the subsidiary CICSA signed a bank loan with BBVA Bank for a total of 90 million argentine pesos, maturing on June 19, 2017.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest and capital amortization quarterly.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 9pt">Banco de Galicia y Buenos Aires S.A.; Banco Santander R&#237;o S.A.; &#8211; Syndicated Bank Loan with Compa&#241;&#237;a Industrial Cervecera S.A. (CICSA) </FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On April 20, 2015, the subsidiary CICSA signed a syndicated bank loan for a total of 150 million argentine pesos, maturing on April 20, 2018.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The proportional participation of banks lenders is as follows:</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">(a) Banco de Galicia y Buenos Aires S.A., with 75 million argentine pesos of pro rata participation.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">(b)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Banco Santander R&#237;o, with 75 million argentine pesos of pro rata participation.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">This loan accrues interest at an annual rate of 29.4% fixed by first 12 months and thereafter </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">accrues interest at a compound floating rate BADLAR in pesos plus a fixed spread of 360 basis points and the payments will be quarterly. The capital amortization will payment in 9 quarterly, </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">once the grace period of 12 months from de date of disbursement</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">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:</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">a)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="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<SUP>2</SUP></FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">. </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Adjusted EBITDA means EBITDA as calculated by the Company in accordance with particular debt instruments in order to measure such instruments&#8217; 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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">b)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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. </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">c)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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&nbsp; 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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">d)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Maintain at the end of each quarter a minimum Equity of 600 million of Argentine Pesos.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of December 31, 2015, the Company was in compliance with the financial covenants and specific requirements of this loan.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;<SUP>2</SUP>EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization).</FONT></FONT></P></DIV>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-86</FONT></FONT></P>

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   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT color=#003300 face=arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 11pt; TEXT-DECORATION: none">B)</FONT></B></FONT><FONT color=#003300 face="times new roman"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt; TEXT-DECORATION: none">&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT color=#003300 face=arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 11pt; TEXT-DECORATION: none">Financial Lease Obligations</FONT></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The most significant financial lease agreements are as follows:</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">CCU S.A.</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The building was completed during 2007, and on June 28, 2007, the Company entered into a 25-years lease agreement with Compa&#241;&#237;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 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$ 2,276,677 liability deferred through completion of the building, when the Company recorded the transaction as financial lease.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><I><FONT lang=ES-CL style="FONT-SIZE: 9pt; FONT-WEIGHT: normal">Compa&#241;&#237;a Cervecera Kunstmann S.A., Manantial S.A. and Finca La Celia S.A.:</FONT></I></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Other lease agreements are as follows:</FONT></FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">Type</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">Institution</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">Contract Date</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">Currency</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">ThCh$</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">Number of quotas</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">Anual Interest </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">%</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">Purchase option (UF)</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">Compa&#241;&#237;a Cervecera Kunstmann S.A.</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Production Plant</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Banco de Chile</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">19-04-05</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">UF</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">20,489 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">168</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">8.30%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">302</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Land Lote 2 C</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">26-06-07</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">7,716 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">121</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">5.80%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">85</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Land Lote 2 D</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">25-03-08</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">15,000 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">97</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">4.30%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">183</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Land Lote 13F1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">10-10-12</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">22,341 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">72</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">4.33%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">348</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 13.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 13.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="100%" colSpan=8>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">Manantial S.A.</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Dispensers</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Banco de Cr&#233;dito e Inversiones</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">04-01-12</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">4,275 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">37</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">5.06%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">116</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Dispensers</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">05-12-11</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">1,073 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">37</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">5.98%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">311</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Vehicles</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Banco de Chile</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">27-08-12</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">1,265 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">25</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">12.63%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">51</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Vehicles</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Banco Estado</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">15-09-11</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">5,342 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">25</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">14.01%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">208</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Computers</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Banco Security</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">23-08-11</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">2,387 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">37</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">6.99%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">65</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Dispensers</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Banco Security</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">09-08-11</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">UF</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">20,845 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">37</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">6.62%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">563</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="100%" colSpan=8>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">Finca La Celia S.A.</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Automotor</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">Banco Supervielle</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">10-06-14</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">10,814 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">45</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">17.50%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">6,250</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="28%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The following is a detail of future payments and the current value of the financial lease obligations as of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, 2015:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Lease Minimum Future Payments</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="41%" colSpan=3 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Gross Amount</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Interest</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current Value</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Less than one years</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,505,697</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,184,281</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">321,416</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Between one and five year</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,148,941</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,538,956</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">609,985</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Over five years</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">28,871,228</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,242,755</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">16,628,473</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">35,525,866</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,965,992</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,559,874</FONT></B></FONT></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-87</FONT></FONT></P>

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   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT color=#003300 face=arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 11pt; TEXT-DECORATION: none">C)</FONT></B></FONT><FONT color=#003300 face="times new roman"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt; TEXT-DECORATION: none">&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT color=#003300 face=arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 11pt; TEXT-DECORATION: none">Bonds Payable</FONT></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 9pt">Series A Bonds &#8211; Subsidiary Vi&#241;a San Pedro Tarapac&#225; S.A. </FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On June 13, 2005, the subsidiary Vi&#241;a San Pedro Tarapac&#225; S.A. recorded in the Securities Record a bond issue for a total UF 1,500,000 at a 20-years term maturing on July 15, 2025. Such issue was placed in the local market on July 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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On December 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 21, 2010 and has the repertory No. 35739-2010 in the Notary of Ricardo San Mart&#237;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 Consolidated Financial Statements. These financial ratios and other conditions are describe in letter D).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On July 21, 2011 the subsidiary made a partial prepayment for 750 Series A Bonds (of the 1,500 issued) equivalent to <BR>UF 513,750, according to Section Twelve of Clause Four for the Issue Contract Bond issued by public deed dated April 28, 2005. Additionally, the subsidiary recognized in the Consolidated Income Statement of that date an expenditure of <BR>ThCh$ 103,735, for expenses associated with the issuance of this debt.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On November 7, 2014, the subsidiary made a total prepayment for Series A Bonus for an amount of ThCh$ 9,778,759 and recognized in the Consolidated Income Statement of that date an expenditure of ThCh$ 117,200.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">At the time of this total prepayment, the subsidiary&nbsp;was in compliance with the financial covenants required for this public issue detailed in letter D).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Series E Bonds &#8211; CCU S.A.</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On October 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 maturing on December 1, 2024. This issue was placed in the local market on December 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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On December 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 21, 2010 and has the repertory No. 35738-2010 in the Notary of Ricardo San Mart&#237;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 Consolidated Financial Statements. These financial ratios and other conditions are as follows:</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.75pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(a)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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.&nbsp; Total Adjusted Equity is defined as Total Equity plus Dividends provisioned, according to policy included in the Statement of Changes in Equity. </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.75pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(b)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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&#8217; financial covenants and is defined as: (i) the sum of Gross Margin and Other income by function accounts; (ii) less (absolute numbers) Distribution costs, Administrative expenses and Other expenses by function accounts; and (iii) plus (absolute numbers) Depreciation and Amortization recorded on the Note Nature of the costs and expenses.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.75pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(c)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-88</FONT></FONT></P>

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   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.75pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(d)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.75pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(e)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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&#241;a San Pedro Tarapac&#225; S.A., except in the cases and under the terms established in the agreement.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(f)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">To maintain, either directly or through a subsidiary, ownership of the trademark "CRISTAL", denominative for beer class 32 of the international classifier, and not to transfer its use, except to its subsidiaries. </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(g)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(h)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, 2015 and December 31, 2014, the Company was in compliance with the financial covenants required for this public issue.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Series H and I Bonds &#8211; CCU S.A.</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On March 23, 2009, the Company recorded in the Securities Record the issue of bonds Series H and I for a combined total of UF 5 million, with 5 and 21 years terms, respectively. Emissions of both series were placed in the local market on April 2, 2009.&nbsp; The issuance of the Bond I was UF 3 million&nbsp; with maturity on March 15, 2014, with a discount amounting to <BR>ThCh$ 413,181, and accrues interest at an annual fixed rate of 3.0%, with amortize interest semi-annually and excluding the capital (bullet).&nbsp; The issuance of the Bond H was UF 2 million&nbsp; with maturity on March 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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">By deed dated December 27, 2010 issued in the Notary of Ricardo San Mart&#237;n Urrejola, under repertoires No. 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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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 Consolidated Financial Statements and other specific requirements:</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(a)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(b)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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&#8217; financial covenants and is defined as: (i) the sum of Gross Margin and Other income by function accounts; (ii) less (absolute numbers) Distribution costs, Administrative expenses and Other expenses by function accounts; and (iii) plus (absolute numbers) Depreciation and Amortization recorded on the Note Nature of the cost and expenses.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(c)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-89</FONT></FONT></P>

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   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(d)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(e)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.75pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(f)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Maintain a nominal installed capacity for the production manufacturing of beer and soft drinks, equal or higher altogether than 15.9 million hectolitres a year, except in the cases and under the terms of the contract.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.75pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.75pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(g)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">To maintain, either directly or through a subsidiary, ownership of the trademark "CRISTAL", denominative for beer class 32 of the international classifier, and not to transfer its use, except to its subsidiaries.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.75pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.75pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(h)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On March 17, 2014, the Company paid the total Serie I Bonds, equivalent UF 3,000,000.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt"> and December 31, 2014, the Company was in compliance with the financial covenants required for this public issue.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT color=#003300 face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none">D) Restriction of subsidiary Vi&#241;a San Pedro Tarapac&#225; S.A.</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The subsidiary Vi&#241;a San Pedro Tarapac&#225; S.A. must </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">comply with certain financial ratios that will be calculated only on its Consolidated Financial Statements. These financial ratios and other conditions are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(a)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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&#8217; financial covenants and is defined as: (i) the sum of Gross Margin and Other income by function accounts; (ii) less (absolute numbers) Distribution costs, Administrative expenses and Other expenses by function accounts; and (iii) plus (absolute numbers) Depreciation and Amortization recorded in the Note Nature of the costs and expenses.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(b)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Not to enter into investments in instruments issued by related parties different from its subsidiaries.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(c)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Neither sells nor transfers essential assets that jeopardize the continuance of its current purpose. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(d)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(e)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">(f)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-90</FONT></FONT></P>

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<DIV>

<DIV align=left>

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<TR style="HEIGHT: 44.95pt">

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   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV></DIV>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B></B>&nbsp;</H1>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 14pt">Note 28 </FONT></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 12pt">Accounts payable &#8211; trade and other payables</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015 and 2014</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, the total Accounts payable-trade and other payables are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">&nbsp;31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Suppliers</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">179,926,026</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">159,782,385</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Notes payable</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,575,754</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,940,353</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Withholdings payable</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">43,880,121</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">40,429,573</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">229,381,901</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">204,152,311</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">227,736,803</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">203,782,805</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Non-current</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,645,098</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">369,506</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">229,381,901</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">204,152,311</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 14pt">Note 29 </FONT></B></FONT><FONT color=#003300><FONT><B><FONT lang=EN-GB style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face=arial>Provisions</FONT></B></FONT><B><FONT lang=EN-GB style="FONT-SIZE: 12pt; TEXT-DECORATION: none"> </FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015 and 2014</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, the total provisions recorded in the consolidated statement of financial position are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="72%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">&nbsp;31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Litigation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,343,374</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,023,895</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">636,584</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,596,196</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,979,958</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,620,091</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">503,440</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">410,259</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Non-current</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,476,518</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,209,832</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,979,958</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,620,091</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The following was the change in provisions during the years ended as of &nbsp;December 31, 2014 and 2015:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="57%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Litigation</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="57%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of January 1, 2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="4%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,294,570</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,673,910</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,968,480</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="57%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="57%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Incorporated</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">622,320</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">151,966</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">774,286</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="57%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Used</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(751,636)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,668)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(753,304)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="57%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Released</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(71,667)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(175,968)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(247,635)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="57%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Conversion effect</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(69,692)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(52,044)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(121,736)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="57%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="4%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,023,895</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,596,196</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,620,091</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="57%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="57%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Incorporated</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="4%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">792,724</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">888</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">793,612</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="57%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Used</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="4%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(222,139)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(222,139)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="57%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Released</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="4%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(31,005)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(801,778)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(832,783)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="57%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Conversion effect</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="4%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(220,101)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(158,722)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(378,823)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="57%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">(1)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,343,374</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">636,584</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,979,958</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">(1)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">See </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt">Note 35</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-91</FONT></FONT></P>

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<DIV>

<DIV align=left>

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<TR style="HEIGHT: 44.95pt">

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="67%">

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The maturities of provisions at December 31, 2015, were as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="58%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Litigation</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="58%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Less than one year</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">503,441</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">503,441</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="58%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Between two and five years</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">486,294</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">636,584</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,122,878</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="58%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Over five years</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">353,639</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">353,639</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="58%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,343,374</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">636,584</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,979,958</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Litigation</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The detail of significant litigation proceedings to which the Company is exposed at a consolidated level is described in <BR></FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Note 35</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 14pt">Note 30 </FONT></B></FONT><FONT color=#003300><B><FONT lang=EN-GB style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face=arial>Other non-financial liabilities</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015 and 2014</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, the total Other non-financial liabilities are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">&nbsp;31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Parent dividend provisioned by the board</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">24,387,190</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">23,278,681</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Parent dividend provisioned according to policy</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">36,016,878</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">36,500,001</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Outstanding parent dividends</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">723,259</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">520,145</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Subsidiaries dividends according to policy</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,725,015</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,764,386</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">89,802</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">833,550</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">70,942,144</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">68,896,763</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">70,942,144</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">68,896,763</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">70,942,144</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">68,896,763</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 14pt">Note 31 </FONT></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 12pt">Employee Benefits</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company grants short term and employment termination benefits as part of its compensation policies. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Parent Company and its subsidiaries maintain collective agreements with their employees, which establish the compensation and/or short&#8211;term and long-term benefits for their staff, the main features of which are described below:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">i. 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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 9pt; TEXT-INDENT: -9pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The cost of such benefits is charged against income, in the &#8220;Personnel Expense&#8221; item.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015 and 2014</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, the total staff benefits recorded in the Consolidated Statement of Financial Position is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-92</FONT></FONT></P>

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<TR style="HEIGHT: 44.95pt">

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="67%">

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="72%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Employees&#8217; Benefits</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Short term benefits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,617,103</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,943,771</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Employment termination benefits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,043,559</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,437,222</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">40,660,662</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">35,380,993</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,712,059</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,943,771</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Non-current</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">18,948,603</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,437,222</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">40,660,662</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">35,380,993</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Employees&#8217; Bonuses </FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015 and 2014</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, the total short-term benefits recorded in the Consolidated Statement of Financial Position are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="72%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Short-Term Employees&#8217; Benefits</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">&nbsp;31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Vacation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,442,610</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,856,572</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bonus and compensation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,174,493</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,087,199</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,617,103</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,943,771</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company records the staff vacation cost on an accrual basis.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Severance Indemnity</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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. 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 6.36% (6.00% in 2014) and in Argentina 39.26% (42.43% in 2014).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, the obligation recorded for severance indemnity is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="72%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Severance Indemnity</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">&nbsp;31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">94,956</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Non-current</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">18,948,603</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,437,222</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,043,559</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,437,222</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-93</FONT></FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_231"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 44.95pt">

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="67%">

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The change in the severance indemnity during the year ended as of December 31, 2014 and 2015 was as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 24pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 24pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="86%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Severance Indemnity</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 24pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Severance </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Indemnity</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Balance as of January 1, 2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">16,574,806</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current cost of service</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">601,053</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Interest cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,187,731</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Actuarial loss</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,884,054</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Paid-up benefits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(3,341,434)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Past service cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,090,429</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">From business combinations</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">893,608</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,453,025)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Movements of the year</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">862,416</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,437,222</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current cost of service</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,023,969</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Interest cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,703,107</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Actuarial loss</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">947,153</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Paid-up benefits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,700,491)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Past service cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">131,204</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(498,605)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Movements of the year</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,606,337</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,043,559</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The figures recorded in the Consolidated Statement of Income as of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015, 2014 and 2013</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Expense recognized for severance indemnity</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="41%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended as of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current cost of service</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,023,969</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">601,053</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">607,443</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Past service cost</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">131,204</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,090,429</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">430,120</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Non-provided paid benefits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,377,570</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,916,192</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,860,262</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">646,501</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">335,808</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,333,466</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Total expense recognized in Consolidated Statement of Income</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,179,244</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,943,482</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,231,291</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Actuarial Assumptions </FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As mentioned in </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Note 2.<FONT face=Arial>20</FONT></FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt"> </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">&#8211; Employees&#8217; Benefits</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, 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 </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015 and 2014</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="48%" colSpan=3 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Actuarial Assumptions</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Chile</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 10.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Argentina</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 24pt">

   <TD style="HEIGHT: 24pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">31,</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 24pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">&nbsp;31,</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 24pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">31,</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 24pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">&nbsp;31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" colSpan=3 noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Mortality table</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">RV-2004</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">RV-2004</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Gam'83</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Gam'83</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" colSpan=3 noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Annual interest rate</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6.36%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6.00%</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">39.26%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">42.43%</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" colSpan=3 noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Voluntary employee turnover rate</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1.9%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1.9%</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">n/a</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">n/a</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" colSpan=3 noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Company&#8217;s needs rotation rate</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5.3%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5.3%</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">n/a</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">n/a</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" colSpan=3 noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Salary increase</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3.7%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3.7%</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">36.35%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">36.35%</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Officers</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">60</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">60</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">60</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">60</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Estimated retirement age for</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Male</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">65</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">65</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">65</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">65</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Female</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">60</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">60</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">60</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">60</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-94</FONT></FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_232"></A>

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<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 44.95pt">

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="67%">

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Sensitivity Analysis</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Following is a sensitivity analysis based on increased (decreased) of 1 percent on the discount rate:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 37.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 37.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="72%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Sensitivity Analysis</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 37.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 37.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">1% increase in the Discount Rate (Gain)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,164,165</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,073,272</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">1% decrease in the Discount Rate (Loss)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,344,213)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,245,219)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Personnel expense</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The amounts recorded in the Consolidated Statement of Income for the years ended as of </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015, 2014 and 2013</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Personal expense</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="41%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended as of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Salaries</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">138,359,074</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">119,623,310</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">108,611,206</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Employees&#8217; short-term benefits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">24,693,325</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">18,128,043</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,887,127</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Employments termination benefits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,179,245</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,943,482</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,231,291</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other staff expense</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">28,683,507</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">23,636,629</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,280,818</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total (1)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">197,915,151</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">169,331,464</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">155,010,442</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=windowtext face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 7pt; FONT-WEIGHT: normal; FONT-STYLE: normal">(1) </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">See</FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 7pt"> Note 10</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=ES-CL style="FONT-SIZE: 14pt">Note 32 </FONT></B></FONT>
<FONT color=#003300><B><FONT lang=EN-GB style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face=arial>Non-controlling Interests</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The detail of Non-controlling Interests is the following:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">a.</FONT></FONT><FONT face="times new roman"><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Equity</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 25.5pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="72%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Equity</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">&nbsp;31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Vi&#241;a San Pedro Tarapac&#225; S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">72,512,897</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">69,856,322</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bebidas del Paraguay S.A.</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">20,403,140</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,903,962</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Aguas CCU-Nestl&#233; Chile S.A.</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,891,176</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">16,389,004</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Compa&#241;&#237;a Cervecera Kunstmann S.A.</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,979,490</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,424,495</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Compa&#241;&#237;a Pisquera de Chile S.A.</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,699,612</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,653,894</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,767,028</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,353,256</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Saenz Briones &amp; C&#237;a. S.A.</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">962,286</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,145,657</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Distribuidora del Paraguay S.A.</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,949,490</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">701,002</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Los Huemules S.R.L.</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">395,469</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">116,892</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Sidra La Victoria S.A.</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,166</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others</FONT></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">145,185</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">366,091</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">129,705,773</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">122,911,741</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-95</FONT></FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_233"></A>

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<DIV>

<DIV align=left>

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<TR style="HEIGHT: 44.95pt">

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="67%">

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">b.</FONT></FONT><FONT face="times new roman"><FONT lang=ES-CL style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Result</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="41%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended as of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Result</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Aguas CCU-Nestl&#233; Chile S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,052,867</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,408,750</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,870,501</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Vi&#241;a San Pedro Tarapac&#225; S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,182,843</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,003,439</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,319,366</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Compa&#241;&#237;a Cervecera Kunstmann S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,267,335</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">966,212</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,022,346</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Manantial S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">861,072</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">684,427</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">587,119</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Compa&#241;&#237;a Pisquera de Chile S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">592,506</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">889,482</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">765,624</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Saenz Briones &amp; C&#237;a. S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">128,407</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(58,433)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(733,068)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Distribuidora del Paraguay S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,144,911</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">429,527</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Bebidas del Paraguay S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(486,790)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">253,516</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Los Huemules S.R.L.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(45,370)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(48,171)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(12,624)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Sidra La Victoria S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">175</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">123</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,674</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">24,547</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">49,156</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,717,455</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">14,553,471</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,868,543</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 14pt">Note 33 </FONT></B></FONT><FONT color=#003300><B><FONT lang=EN-GB style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face=arial>Common Shareholders&#8217; Equity</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Subscribed and paid-up Capital</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Extraordinary Shareholders&#180;Meeting held on June 18, 2013, resolved to increase the capital of the Company in the amount of ThCh$ 340,000,000, through the issuance of 51,000,000 shares of common stock. Such shares are to be issued and paid&nbsp;within a period of 3 years as from June 18, 2013. Also, the Board of Directors, in accordance with the powers granted by the Extraordinary Shareholders&#180; Meeting, determined the price at which these shares were to be offered. Additionally, the above Extraordinary Shareholders&#180; Meeting agreed to recognize as part of the Paid-in Capital (Common Stock) the share premium for an amount of ThCh$ 15,479,173. Therefore, the Company&#180;s capital, including the referred capital increase, amounts to ThCh$ 571,019,592, divided into 369,502,872 shares of common stock, without face value, which has been subscribed and paid and&nbsp; shall be subscribe and paid as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">-</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">ThCh$ 231,019,592, divided into 318,502,872 shares, fully subscribed and paid prior to the date of the Extraordinary Shareholders&#180; Meeting.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">-</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">ThCh$ 340,000,000, divided into 51,000,000 shares, to be subscribed and paid.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On July 23, 2013 the Superintendencia de Valores y Seguros authorized the registration of such shares.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Subsequently, the Board of Director at the meeting held on September 12, 2013, set in $ 6,500 per share the price of the 51,000,000 shares to be placed during the preemptive-rights period, which extended from September 13 to October 12, 2013.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of December 31, 2013, the referred capital increase has been fully subscribed and paid, amounting to <BR>ThCh$ 331,673,754 and generated share premium and issuance and placement costs for ThCh$ 45,176 and <BR>ThCh$ 5,055,392, respectively, which are net recorded under item "Other reserves", in Equity. Any difference between the issuance and placement costs of shares must be recognized as a less paid-in capital in the next Extraordinary Shareholders&#180; Meeting that modifies the capital of the company.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of December 31, 2015 and December 31, 2014, the Company&#8217;s capital shows a balance of ThCh$ 562,693,346, divided into 369,502,872 shares of common stock without face value, entirely subscribed and paid-up. The Company has issued only one series of common shares. Such common shares are registered for trading at the Santiago Stock Exchange, the Chilean Electronic Stock Exchange and the Valpara&#237;so Stock Exchange, and at the New York Stock Exchange /NYSE), evidenced by ADS (American Depositary Shares), with an equivalence of two shares per ADS (</FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt">See Note 1</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">).</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-96</FONT></FONT></P>

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   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="33%">

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">The Company has not issued any others shares or convertible instruments during the period, thus changing the number of outstanding shares as of December 31, 2015 and 2014.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Capital Management</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The main purpose, when managing shareholder&#8217;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&#8217;s return.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Consolidated Statement of Comprehensive Income</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of December 31, 2015, 2014 and 2013, the detail of the comprehensive income and expense of the term is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

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<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Other Income and expense charged or credited against net equity</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Gross Balance</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Tax</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Net Balance</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cash flow hedge (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">80,693</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(17,563)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">63,130</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Conversion differences of international subsidiaries (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(29,678,944)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(29,678,944)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Actuarial gains and losses on defined benefit plans reserves </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(939,433)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">314,541</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(624,892)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Total comprehensive income as of december 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(30,537,684)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">296,978</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(30,240,706)</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Other Income and expense charged or credited against net equity</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Gross Balance</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Tax</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Net Balance</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cash flow hedge (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(155,258)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">39,470</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(115,788)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Conversion differences of international subsidiaries (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(4,629,683)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(4,629,683)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Actuarial gains and losses on defined benefit plans reserves </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,884,054)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">501,689</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(1,382,365)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Total comprehensive income as of december 31, 2014</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(6,668,995)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">541,159</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(6,127,836)</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="59%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Other Income and expense charged or credited against net equity</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Gross Balance</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Tax</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Net Balance</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Cash flow hedge (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">256,592</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(51,304)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">205,288</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Conversion differences of international subsidiaries (1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(17,054,187)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(17,054,187)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Actuarial gains and losses on defined benefit plans reserves </FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(469,987)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">105,151</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">(364,836)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="59%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Total comprehensive income As of December 31, 2013</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(17,267,582)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">53,847</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">(17,213,735)</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT color=windowtext face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt; FONT-WEIGHT: normal; FONT-STYLE: normal">(1)</FONT></FONT><FONT color=windowtext face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt; FONT-WEIGHT: normal; FONT-STYLE: normal">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">These concepts will be reclassified to the Statement of Income when its settled</FONT></FONT><FONT color=windowtext face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 7pt; FONT-WEIGHT: normal; FONT-STYLE: normal">.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Income per share</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The diluted earnings per share is calculated as the ratio between the net income (loss) for the period attributable to shares holders and the weighted average additional common shares that would have been outstanding if it had become all ordinary potential dilutive shares.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-97</FONT></FONT></P>

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<TR style="HEIGHT: 44.95pt">

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="67%">

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of December 31, 2015, 2014 and 2013, the information used for the calculation of the income as per each basic and diluted share is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 32.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 32.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="58%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Income per share</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 32.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" colSpan=5 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">For the years ended as of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="58%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Equity holders of the controlling company (ThCh$)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">120,808,135</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">106,238,450</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">123,036,008</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="58%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Weighted average number of shares</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">369,502,872</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">369,502,872</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">331,806,416</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="58%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Basic and diluted income per share (in Chilean pesos)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">326.95</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">287.52</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">370.81</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="58%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Equity holders of the controlling company (ThCh$)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">120,808,135</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">106,238,450</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">123,036,008</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="58%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Weighted average number of shares</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">369,502,872</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">369,502,872</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6pt">(3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">346,028,899</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="58%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Basic and diluted income per share (in Chilean pesos)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">326.95</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">287.52</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">355.57</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">(1)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">Determined considering 369,502,872 shares outstanding on December 31, 2015 and 2014.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">(2)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">Determined considering 331,806,416 shares, equivalents to 318,502,872 shares outstanding on December 31, 2012, plus the weighted average of permanence of shares paid due to increase of capital described in this Note.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">(3)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 7pt">Determined considering 346,028,899 shares, equivalents to 318,502,872 shares outstanding on December 31, 2012, plus the weighted average of permanence of shares issued due to increase of capital described in this Note.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of December 31, 2015, 2014 and 2013, the Company has not issued any convertible or other kind of instruments creating diluting effects.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Distributable net Income</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">In accordance with Circular No 1945 from the SVS on November 4, 2009, the Board of Directors agreed that the net distributable profit for the year 2009 will be that reflected in the financial statements attributable to equity holders of the parents,</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 10pt"> </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">without adjustment it. The above agreement remains in effect for the year ended December 31, 2015.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Dividends </FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company&#8217;s dividend policy consists of annually distributing at least 50% of the net distributable profit of the year.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of December 31, 2015, 2014 and 2013, the Company has distributed the following dividends, either or final:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 30pt">

   <TD style="HEIGHT: 30pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Dividend N&#186;</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 30pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Payment Date</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 30pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Type of Dividend</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 30pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Dividends per Share</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 30pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Related to FY</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">245</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19-04-2013</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Final</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">116.64610</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2012</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">246</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10-01-2014</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Interim</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">63.00000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">247</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17-04-2014</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Final</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">103.48857</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2013</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">248</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">09-01-2015</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Interim</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">63.00000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">249</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">23-04-2015</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Final</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">98.78138</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2014</FONT></FONT></P></TD></TR>

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   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">250</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">08-01-2016</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Interim</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">66.00000</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2015</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On April 9, 2013, at the General Shareholders Meeting it was agreed to pay the final Dividend No. 245, amounting to&nbsp; ThCh$ 37,150,685 corresponding to $ 116.64610 per share. This dividend was paid on April 19, 2013.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On April 9, 2014, at the General Shareholders Meeting it was agreed to pay the final Dividend No. 247, amounting to ThCh$ 38,239,323 corresponding to $ 103.48857 per share. This dividend was paid on April 17, 2014.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On April 15, 2015, at the General Shareholders Meeting it was agreed to pay the final Dividend No. 249, amounting to ThCh$ 36,500,004 corresponding to $ 98.78138 per share. This dividend was paid on April 23, 2015.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-98</FONT></FONT></P>

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   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Other Reserves</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The reserves that are a part of the Company&#8217;s equity are as follows:</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><U><FONT lang=EN-GB style="FONT-SIZE: 9pt">Currency Translation Reserves</FONT></U></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">: This reserve originated mainly from the translation of foreign subsidiaries&#8217; financial statements which functional currency is different from the presentation currency of the Consolidated Financial Statements. As of December 31, 2015, it amounts to a negative reserve of ThCh$ 95,435,386 (ThCh$ 67,782,858 in 2014 and <BR>ThCh$60,084,197 in 2013).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><U><FONT lang=EN-GB style="FONT-SIZE: 9pt">Hedge reserve</FONT></U></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">: 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 December 31, 2015, it amounts to a negative reserve of <BR>ThCh$ 2,526 (ThCh$ 43,370 in 2014 and positive reserve of ThCh$ 65,109 in 2013), net of deferred taxes.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><U><FONT lang=EN-GB style="FONT-SIZE: 9pt">Actuarial gains and losses on defined benefit plans reserves:</FONT></U></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt"> This reserve originates from January 1, 2013, due application of the amendment to IAS 19. The amount recorded is a negative reserve of ThCh$ 2,302,418 (ThCh$ 1,712,687 in 2014 and ThCh$ 348,673 in 2013), net of deferred taxes.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><U><FONT lang=EN-GB style="FONT-SIZE: 9pt">Other reserves</FONT></U></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">: As of December 31, 2015, 2014 and 2013 the amount is a negative reserve of ThCh$ 5,486,086, <BR>ThCh$ 5,511,629 and ThCh$5,514,048, respectively. Such reserves relate mainly to the following concepts:</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjustment due to re-assessment of fixed assets carried out in 1979.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Price level restatement of paid-up capital registered as of December 31, 2008, according to SVS Circular Letter N&#170;456.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.25pt; TEXT-INDENT: -35.25pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Difference in purchase of shares of the subsidiary Vi&#241;a San Pedro Tarapac&#225; S.A. made during year 2012 and 2013 (</FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Note 1</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">).</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-99</FONT></FONT></P>

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   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.25pt; TEXT-INDENT: -35.25pt">&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 14pt">Note 34 </FONT></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 12pt">Effects of changes in currency exchange rate</FONT></B></FONT></H1>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Current assets are denominated in the following currencies:</FONT></FONT></P>

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<TR style="HEIGHT: 23.25pt">

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">CURRENT ASSETS</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">As of December 31, </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">2015</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">As of December 31, </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">2014</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">ThCh$</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">Current assets</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">Cash and cash equivalents</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">192,554,239</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">214,774,876</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">171,683,257</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">182,979,978</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">U.F.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">8,410,538</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">5,385,644</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">6,058,754</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">Euros</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">955,840</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">974,179</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">5,701,754</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">11,728,422</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">948,816</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">536,097</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">7,519,619</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">3,753,420</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">Others currencies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">359,309</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">333,488</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">Other financial assets</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">13,644,105</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">6,483,652</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">1,052,312</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">1,016,032</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">12,495,117</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">5,467,620</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">Euros</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">57,833</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">7,261</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">Others currencies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">31,582</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">Other non-financial assets</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">17,654,373</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">18,558,445</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">12,083,128</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">11,576,191</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">U.F.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">29,882</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">28,826</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">972,718</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">Euros</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">723,216</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">3,780,430</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">4,759,154</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">7,789</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">1,457,234</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">57,210</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">737,040</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 6.5pt">Accounts receivable - trade and other receivables</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">252,225,937</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">238,602,893</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">158,757,937</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">151,677,364</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">U.F.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">7,102</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">2,021</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">25,498,590</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">19,030,421</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">Euros</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">7,463,166</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">10,038,934</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">48,535,814</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">46,140,278</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">4,074,908</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">4,519,676</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">6,111,636</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">5,477,622</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">Others currencies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">1,776,784</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">1,716,577</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 6.5pt">Accounts receivable from related companies</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">4,788,930</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">11,619,118</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">4,606,002</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">11,474,472</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">U.F.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">104,118</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">101,218</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">78,810</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">43,428</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">Inventories</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">174,227,415</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">167,545,598</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">147,189,195</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">136,336,787</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">2,474,304</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">744,544</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">Euros</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">237,848</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">189,100</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">18,850,888</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">22,684,784</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">1,645,888</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">1,508,208</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">3,829,292</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">6,082,175</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">Biological assets</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">7,633,340</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">7,633,591</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">7,130,962</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">7,209,981</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">502,378</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">423,610</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">Tax receivables</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">15,264,220</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">19,413,414</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">11,080,218</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">14,443,142</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">4,184,002</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">4,970,272</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 6.5pt">Non-current assets held for sale</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">6,319,316</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">758,760</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">5,890,543</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">428,773</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">758,760</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6.75pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">Total current assets</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">684,311,875</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6.75pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">685,390,347</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 3pt">

   <TD style="HEIGHT: 3pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">&nbsp;</TD>

   <TD style="HEIGHT: 3pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 3pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6.75pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6.75pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">519,473,554</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">516,713,947</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">U.F.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">141,102</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">8,542,603</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">46,905,183</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">31,344,767</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">Euros</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">9,437,903</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">11,202,213</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">81,984,039</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">91,465,280</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">6,677,401</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">8,021,215</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">17,525,018</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">16,050,257</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">Others currencies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">2,167,675</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">2,050,065</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6.75pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 6.5pt">Total current assets by currencies</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6.75pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">684,311,875</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6.75pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 6.5pt">685,390,347</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-100</FONT></FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_238"></A>

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<DIV>

<DIV align=left>

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<TR style="HEIGHT: 44.95pt">

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="67%">

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Non-Current assets are denominated in the following currencies:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 30pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="72%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">NON-CURRENT ASSETS</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">&nbsp;31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">Non-current assets</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">Other financial assets</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">80,217</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">343,184</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">Euros</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">80,217</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">343,184</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">Other non-financial assets</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">27,067,454</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,828,897</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">24,880,950</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,303,040</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">80,137</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,839,876</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,762,652</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">266,491</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">763,205</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 7pt">Accounts receivable from related companies</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">445,938</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">522,953</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">U.F.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">445,938</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">522,953</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 7pt">Investments accounted for using the equity method</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">49,995,263</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">31,998,620</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">49,884,870</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">31,897,043</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">110,393</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">101,577</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 7pt">Intangible assets different than goodwill</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">64,120,426</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">68,656,895</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">49,960,476</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">51,881,835</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">U.F.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">41,558</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">41,558</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,039,283</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,169,249</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,296,510</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,332,682</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,782,599</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,231,571</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">Goodwill</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">83,300,573</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">86,779,903</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">60,192,744</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">63,075,515</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">14,216,606</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,146,454</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,891,223</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,557,934</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 7pt">Property, plant and equipment (net)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">872,667,210</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">851,255,642</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">763,339,926</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">733,238,733</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,412,324</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">91,003,978</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,747,872</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,390,332</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,167,088</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">16,622,599</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">Investment property</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,838,002</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,917,613</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,401,400</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,783,933</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,436,602</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,133,680</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">Deferred tax assets</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">34,529,593</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">30,207,019</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">29,392,503</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">23,496,860</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,032,803</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,622,426</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,801</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,206</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">93,486</FONT></FONT></P></TD>

   <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">77,527</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 8.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 7pt">Total non-current assets</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,139,044,676</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 8.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,083,510,726</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 1.5pt">

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6.75pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6.75pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 6.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">982,052,869</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">912,676,959</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">U.F.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">487,496</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">564,511</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">14,296,743</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,146,454</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">Euros</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">80,217</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">343,184</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">101,762,504</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">122,351,496</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,055,183</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,733,220</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 7.5pt">

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 7pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">23,309,664</FONT></FONT></P></TD>

   <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,694,902</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="72%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 7pt">Total non-current assets by currencies</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.75pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,139,044,676</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,083,510,726</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-101</FONT></FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_239"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 44.95pt">

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="67%">

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Current liabilities are denominated in the following currencies:</FONT></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="47%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">CURRENT LIABILITIES</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="27%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 22.5pt">

   <TD style="HEIGHT: 22.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Until 90 days</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 22.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">More than 91 days </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">until 1 year</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 22.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Until 90 days</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 22.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">More than 91 days </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">until 1 year</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9.75pt">

   <TD style="HEIGHT: 9.75pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Current liabilities</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.75pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 9.75pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 9.75pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other financial liabilities</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,223,935</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">36,750,056</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">30,097,822</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">35,220,471</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,239,182</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,035,281</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,947,212</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">14,909,387</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">U.F.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">764,199</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,888,550</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">777,020</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,933,255</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">303,416</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,957,905</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,392,180</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,303,949</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Euros</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">52,368</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">120,894</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,611,662</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,862,819</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,523,470</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">24,104,151</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,462,218</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,740,967</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">UYI</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">344,850</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others currencies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,951</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">15,398</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Account payable - trade and other payables</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">226,844,826</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">891,977</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">200,673,786</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,109,019</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">148,162,838</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">303,060</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">133,274,464</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,109,019</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">U.F.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,933</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,995</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,676,381</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">566,572</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">14,012,905</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Euros</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,402,517</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,166,674</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">47,686,146</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">40,867,375</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,607,826</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,371,988</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,874,709</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">22,345</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">976,385</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others currencies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">424,476</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Accounts payable to related companies</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,624,218</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,282,312</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,267,123</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,783,103</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">151,578</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Euros</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,205,517</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,486,158</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,051</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other short-term provisons</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">382,152</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">121,288</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">380,912</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">29,347</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">121,288</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">29,347</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">382,152</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">380,912</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Tax liabilities</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,664,162</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,533,862</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,986,966</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,710,169</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,487,812</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,802,277</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,803,137</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,872,219</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">26,747</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,704,838</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,837,950</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">176,350</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">183,829</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Employee benefits provisions</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,388,736</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">323,323</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,702,626</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">241,145</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">16,558,870</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">323,323</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,490,145</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">241,145</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,437,159</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,909,627</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">392,707</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">302,854</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other non-financial liabilities</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">28,440,259</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">42,501,885</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">24,104,387</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">44,792,376</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">28,350,457</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">42,501,885</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">23,278,681</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">44,789,042</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">89,802</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">825,706</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,334</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total current liabilities</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">299,568,288</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">89,122,391</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">287,228,811</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">91,102,527</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 1.5pt">

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 9.75pt">

   <TD style="HEIGHT: 9.75pt; BACKGROUND: #053a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 9.75pt; BACKGROUND: #053a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 9.75pt; BACKGROUND: #053a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 9.75pt; BACKGROUND: #053a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="HEIGHT: 9.75pt; BACKGROUND: #053a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">202,066,282</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">66,087,114</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">181,576,742</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">66,950,159</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">U.F.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">774,132</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,888,550</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">781,015</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,933,255</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">18,131,375</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,551,224</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">15,405,085</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,303,949</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Euros</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">13,660,402</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,773,726</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,611,662</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">57,458,078</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,228,308</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">70,087,771</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,300,168</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,176,883</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,599,638</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,874,709</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">22,345</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">989,436</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,334</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">UYI</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">344,850</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others currencies</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">426,427</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">15,398</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Total current liabilities by currency</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">299,568,288</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">89,122,391</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">287,228,811</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 9.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">91,102,527</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-102</FONT></FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_240"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 44.95pt">

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="67%">

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Non-Current liabilities are denominated in the following currencies:</FONT></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=3 width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">NON-CURRENT LIABILITIES</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="39%" colSpan=3 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" colSpan=3 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 22.5pt">

   <TD style="HEIGHT: 22.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">More than 1 year </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">until 3 years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 22.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">More than 3 year</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">&nbsp;untl 5 years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 22.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">More than 5</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">&nbsp;years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 22.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">More than 1 year </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">until 3 years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 22.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">More than 3 year </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">untl 5 years</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 22.5pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">More than 5 </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">years</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Non-current liabilities</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.1pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.1pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.1pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.1pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.1pt; BACKGROUND: #69bf47; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other financial liabilities</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">40,890,654</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">20,356,339</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">75,679,552</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">39,224,496</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,975,758</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">75,334,303</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">18,284,794</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,784,088</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">16,366,789</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">101,334</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">U.F.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,523,414</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,335,859</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">75,679,552</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,474,316</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">16,650,145</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">75,334,303</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,590,024</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,307,576</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,790,622</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,236,392</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,075,815</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">3,224,279</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">UYI</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,701,800</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other accounys payable</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,098,985</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">546,113</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">369,506</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">808,161</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">404,081</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">U.F.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,760</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,496</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">284,064</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">142,032</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">363,010</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Other long term provisions</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">712,806</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">410,073</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">353,639</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,484,317</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">489,969</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">235,546</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">49,996</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">15,000</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">15,000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">396,987</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">360,077</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">338,639</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">336,813</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">489,969</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">220,546</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">314,991</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,147,504</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">828</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Deferred tax liabilities</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,787,421</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,622,777</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">57,736,765</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">20,617,913</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,491,363</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">59,409,424</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">21,175,080</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,219,255</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">51,820,864</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,850,278</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">6,979,606</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">51,690,008</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">601,313</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">400,875</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,288,716</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">767,635</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">511,757</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,713,866</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,154,787</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,466,456</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">11,028</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,647</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">472,398</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">539,094</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Employee benefits provisons</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">643,905</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">18,304,698</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">798,428</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">16,638,794</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">15,369,150</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">14,202,830</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,935,548</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,435,964</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">643,905</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">798,428</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.1pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total non-current liabilities</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">65,133,771</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">29,935,302</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">152,074,654</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">62,494,660</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">27,957,090</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">151,618,067</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 1.5pt">

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 1.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>&nbsp;</TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.1pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.1pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.1pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.1pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.1pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.1pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CLP</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">40,268,035</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,457,420</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">67,205,014</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">36,217,067</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,080,940</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">65,907,838</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">U.F.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,530,174</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">17,335,859</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">75,679,552</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,480,812</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">16,650,145</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">75,334,303</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">5,874,088</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">142,032</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,670,586</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">$ARG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,788,922</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,997,344</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">7,562,903</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,180,263</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,226,005</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,370,376</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">UYU</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">314,991</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,154,787</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,147,504</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,466,456</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">PYG</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">655,761</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,647</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">472,398</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">798,428</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">539,094</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">UYI</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,701,800</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.1pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.1pt; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Total non-current liabilities by currency</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">65,133,771</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">29,935,302</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">152,074,654</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">62,494,660</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">27,957,090</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.1pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #053a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">151,618,067</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-103</FONT></FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_241"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 44.95pt">

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="67%">

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 14pt">Note 35 </FONT></B></FONT><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 12pt">Contingencies and Commitments </FONT></B></FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=ES-CL style="FONT-SIZE: 9pt">Operating lease agreements</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The total amount of the Company&#8217;s obligations to third parties relating to lease agreements that may not be terminated is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 30pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="86%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Lease Agreements not to be terminated</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">&nbsp;31, 2015</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Within 1 year</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">82,677,035</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Between 1 and 5 years</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">76,807,297</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Over 5 years</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #ccffcc; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">53,580,133</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="86%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">213,064,465</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Purchase and supply agreements</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The total amount of the Company&#8217;s obligations to third parties relating to purchase and supply agreements as of December 31, 2015 is as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 36pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 36pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="68%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Purchase and supply agreements</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 36pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Purchase and supply </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">agreements</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 36pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Purchase and </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">contract related to </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">wine and grape</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="68%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Within 1 year</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">134,430,322</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">10,226,466</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="68%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Between 1 and 5 years</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">328,110,170</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">8,683,488</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="68%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Over 5 years</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">53,875,436</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">250,544</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="68%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Total</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">516,415,928</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: white 1pt solid; HEIGHT: 11.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">19,160,498</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Capital investment commitments</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of December 31, 2015, the Company had capital investment commitments related to Property, plant and equipment and intangibles (software) for approximately ThCh$ 81,696,975.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Litigation</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The following are the most significant proceedings faced by the Company and its subsidiaries, including all those </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">present a possible risk of occurrence and causes whose committed amounts, individually, are more than ThCh$ 25,000. </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Those loss<FONT face=Arial>es</FONT> contingencies for which an estimate cannot be made have been also considered.</FONT></FONT></P>

<DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 18pt 0pt 0cm">&nbsp;</P></DIV></DIV>

<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-104</FONT></FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_242"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV>

<DIV align=left>

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<TR style="HEIGHT: 44.95pt">

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="67%">

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>
   <IMG border=0 src="x16042214302101.gif"></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Proceedings and claim</FONT></I></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 33pt">

   <TD style="HEIGHT: 33pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Subsidiary</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 33pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Court</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 33pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Number</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 33pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Description</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 33pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Status</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 33pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Estimated </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">accrued loss </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">contingency</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 50.25pt">

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Vi&#241;a San Pedro Tarapac&#225; S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Labour Court of Collection.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">C-3292-2010</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Interpretation of collective bargaining agreement.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Pending practice of award liquidation by court.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$ 15,000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 50.25pt">

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Vi&#241;a Tarapaca Ex Zavala, Vi&#241;a Misiones de Rengo</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">14th Civil Court of Santiago.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">28869-2007</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Breach of contract.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Appeal of first instance verdict.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$ 50,000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 50.25pt">

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Transportes CCU Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Labour Court of Collection.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">C-3287-2015</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Collection of employee benefits.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">On execution phase.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$ 40,000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 50.25pt">

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Transportes CCU Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">9th Labor Court of Santiago.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">L-3601-2004</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Collection of employee benefits.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">On execution phase.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$ 11,932</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 50.25pt">

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Compa&#241;&#237;a Industrial Cervecera S.A. (CICSA)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Court of first instance in Argentina.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Labor trial for layoff.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">On evidentiary phase.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD 24,000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 50.25pt">

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Compa&#241;&#237;a Industrial Cervecera S.A. (CICSA)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Supreme Court of Tucuman.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Intempestive breach of distribution contract.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Supreme Court review.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD 71,000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 50.25pt">

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Compa&#241;&#237;a Industrial Cervecera S.A. (CICSA)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Court of first instance in Argentina.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Labor trial for layoff.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">On evidentiary phase.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD 29,000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 50.25pt">

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Compa&#241;&#237;a Industrial Cervecera S.A. (CICSA)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Court of first instance in Argentina.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Labor trial for layoff.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">On evidentiary phase.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD 30,000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 50.25pt">

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Compa&#241;&#237;a Industrial Cervecera S.A. (CICSA)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Court of first instance in Argentina.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Intempestive breach of distribution contract.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">On execution phase.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD 30,000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 50.25pt">

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Compa&#241;&#237;a Industrial Cervecera S.A. (CICSA)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Court of first instance in Argentina.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Labor trial for layoff.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">On evidentiary phase.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD 55,000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 50.25pt">

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Compa&#241;&#237;a Industrial Cervecera S.A. (CICSA)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">City Council&#180;s Administrative Claim related to advertising and publicity fees.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">The process is in pre-trial administrative phase.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD 538,000</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-105</FONT></FONT></P>

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   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

   <TD style="HEIGHT: 44.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="33%">

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   <TD style="HEIGHT: 32.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Subsidiary</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 32.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Court</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 32.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Number</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 32.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Description</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 32.25pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Status</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 32.25pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Estimated </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">accrued loss </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">contingency</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Saenz Briones S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Court of first instance in Argentina.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Labor trial for layoff.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">On evidentiary phase.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD 59,000</FONT></FONT></P></TD></TR>

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   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Saenz Briones S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Court of first instance in Argentina.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Labor trial for layoff.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">On evidentiary phase.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD 54,000</FONT></FONT></P></TD></TR>

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   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Saenz Briones S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Court of first instance in Argentina.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Labor trial for layoff.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">On evidentiary phase.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD 108,000</FONT></FONT></P></TD></TR>

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   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Saenz Briones S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Court of first instance in Argentina.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Labor trial for layoff.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">On evidentiary phase.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD 42,000</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 50.25pt">

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Saenz Briones S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Court of first instance in Argentina.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Labor trial for layoff.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">On evidentiary phase.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 50.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD 135,000</FONT></FONT></P></TD></TR>

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   <TD style="HEIGHT: 10.5pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 10.5pt; BACKGROUND: #083a20; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Company and its subsidiaries have established provisions to allow for such contingencies for ThCh$ 1,343,374 and ThCh$ 1,023,895, as of December 31, 2015 and 2014, respectively (</FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">See Note 29</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Tax processes</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">At the date of issue of these consolidated financial statements, there are no material tax <FONT face=Arial,sans-serif>litigations.</FONT></FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Guarantees</FONT></I></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">As of December 31, 2015, the subsidiary Vi&#241;a San Pedro Tarapac&#225; 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 <FONT face=Arial>S.A. </FONT>subsidiary, in the Republic of Argentina.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">A summary of the main terms of the guarantees granted appears below:</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The subsidiary Finca La Celia <FONT face=Arial>S.A. </FONT>maintains financial debt with local banks in Argentina, guaranteed by VSPT through stand-by letters issued by Banco Estado de Chile, according to the following detail:</FONT></FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Institution</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Amount</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Due date</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Banco Santander R&#237;o</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD 1,100,000</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">March 31, 2016</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Banco Patagonia</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD 1,600,000</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">March 31, 2016</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Banco Patagonia</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD 1,600,000</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">May 11, 2016</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Banco San Juan</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD 1,200,000</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">October 30, 2016</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Banco BBVA Frances</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD 1,500,000</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">October 30, 2016</FONT></FONT></P></TD></TR>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">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.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-106</FONT></FONT></P>

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   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The loan obtained by the subsidiary CICSA in Argentina, as described in </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt">N</FONT></I></B></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">ote 27</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">, 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></FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Institution</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Amount</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Banco de la Naci&#243;n Argentina S.A.</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">USD 16,500,000</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">December 31, 2016</FONT></FONT></P></TD></TR>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">On July 11, 2013, the subsidiary in Argentina Saenz Briones &amp; C&#237;a. S.A. (SB) has signed a loan agreement with the Citibank Bank of Argentina, which restricted its ability to distribute profits in each year. The loan was by 10,000,000 argentine pesos and whose return was agreed in 9 (nine) quotes with different maturities. Until SB not pay this loan, plus interest or commissions, fees and expenses, may not make any payment to its shareholders (including, without limitation, distribution of profits or dividends, advances, withdrawals from account or similar, as well as any payment made in connection with rebuy it, rescue or redemption of all or part of its shares) for an amount that exceeds the 50% of the profits that the SB is legally empowered to distribute as dividends with regard to each of its years. It should be noted, for the purposes of the above restriction, that the last date of maturity of the loan is July 11, 2016.</FONT></FONT></P>

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<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 14pt">Note 36 </FONT></B></FONT><FONT color=#003300><B><FONT lang=EN-GB style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face=arial>Environment </FONT></B></FONT></H1>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Major Environmental costs accrued as of December 31, 2015, in the Industrial Units of CCU S.A. are distributed as follows:</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">-</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Industrial Waste Water Treatment (IWWT): </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">58.0%</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; These expenses are mainly related to the maintenance and control of the respective Industrial Waste Water Treatment Plants (IWWT).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">-</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Solid Industrial Residues (SIR):</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt"> 29.6%&nbsp; </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; These expenses are related to the handling and disposal of Solid Industrial Residues (SIR), including hazardous Waste (ResPel) and valorization of recyclable residues.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">-</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Gas Emission Expenses: </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">0.9%&nbsp;&nbsp; </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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 central and local government regulations.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">-</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">Other Environmental Expenses: 11.5%</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; These expenses are related to the verification and compliance of Food Safety, Environmental Management and Operational Health &amp; Safety Management Standards (ISO 22000, ISO 14000 and ISO 18000 OHSAS respectively) in CCU&#180;s industrial sites and distribution centers, which are in different stages of implementation and certification. The implementation and certification of those three standards is a corporate goal of CCU SA.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN style="FONT-SIZE: 9pt">The most relevant investments during the year 2015, are listed below:</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT color=#222222 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">-</FONT></FONT><FONT color=#222222 face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT color=#222222 face=Arial,sans-serif><B><FONT lang=EN style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecera Kunstmann S.A., </FONT></B></FONT><FONT color=#222222 face=Arial,sans-serif><FONT lang=EN style="FONT-SIZE: 9pt">construction of an industrial wastewater treatment plant in Valdivia which includes an anaerobic reactor with IC technology (UF 115,930).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">-</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT color=#222222 face=Arial,sans-serif><B><FONT lang=EN style="FONT-SIZE: 9pt">Aguas CCU-Nestl&#233;</FONT></B></FONT><FONT color=#222222 face=Arial,sans-serif><FONT lang=EN style="FONT-SIZE: 9pt">, IWWT plant project in Coinco (UF 19,915), hazardous material storage improvement <BR>(UF 4,709), CO2, water and energy control equipment (UF 3,014), sanitary installation improvements (UF 141), two tanks for IWWT plant (UF 110).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT color=#222222 face=Arial,sans-serif><FONT lang=EN style="FONT-SIZE: 9pt">-</FONT></FONT><FONT color=#222222 face="times new roman"><FONT lang=EN style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT color=#222222 face=Arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt">Cervecera CCU Chile Ltda.</FONT></B></FONT><FONT color=#222222 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">, </FONT></FONT><FONT color=#222222 face=Arial,sans-serif><FONT lang=EN style="FONT-SIZE: 9pt">Industrial Waste Water Treatment (IWWT) plant in Temuco stage 1 (UF 10,136), normalizing decree N&#176; 78 (UF 7,704), fire detection system in Santiago (UF 3,695), IWWT plant improvement <BR>(UF 3,564), CO2 and NH3 sensors in Elaboration area (UF 2,571), improvement fire detection system in Temuco (UF 1,393), pavement improvement (UF 1,262), steam and biogas gauges (UF 818), sanitary installation improvements (UF 678), hot water flowmeters (UF 553), glass and solid waste containers (UF 478), boiler N&#176; 2 economizer (UF 412), storage tank insulation (UF 301), and finally rain water piping (UF 217).</FONT></FONT></P>

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   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT color=#222222 face=Arial,sans-serif><FONT lang=EN style="FONT-SIZE: 9pt">-</FONT></FONT><FONT color=#222222 face="times new roman"><FONT lang=EN style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT color=#222222 face=Arial,sans-serif><B><FONT lang=EN style="FONT-SIZE: 9pt">Vi&#241;a San Pedro Tarapac&#225; S.A.</FONT></B></FONT><FONT color=#222222 face=Arial,sans-serif><FONT lang=EN style="FONT-SIZE: 9pt">, FES project (second payment 2/3) (UF 3,614), Industrial Waste Water Treatment (IWWT) plant improvement&nbsp; (UF 2,653), IWWT plant Isla de Maipo (UF 1,564), IWW collecting chamber expansion (UF 96), vintage courtyard improvement&nbsp; (UF 96), floor and drain (UF 87), rain water channel (UF 53), and pH correction in IWWT plant (UF 50).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=EN style="FONT-SIZE: 9pt">-</FONT></FONT><FONT face="times new roman"><FONT lang=EN style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT color=#222222 face=Arial,sans-serif><B><FONT lang=EN style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas Argentina S.A.,</FONT></B></FONT><FONT color=#222222 face=Arial,sans-serif><FONT lang=EN style="FONT-SIZE: 9pt"> IWWT plant Salta (UF 7,280), IWWT plant Salta second stage (UF 9,617) and warehouse SV fire network (UF 4,122).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT color=#222222 face=Arial,sans-serif><FONT lang=EN style="FONT-SIZE: 9pt">-</FONT></FONT><FONT color=#222222 face="times new roman"><FONT lang=EN style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT color=#222222 face=Arial,sans-serif><B><FONT lang=EN style="FONT-SIZE: 9pt">Embotelladora Chilenas Unidas S.A.</FONT></B></FONT><FONT color=#222222 face=Arial,sans-serif><FONT lang=EN style="FONT-SIZE: 9pt">, boiler insulation (UF 1,314), CIP solutions recovery (UF 886), smoke detection system for offices (UF 789), plant emergency lighting (UF 400), emergency lighting (UF 164), emergency showers (UF 74), fire networks second stage (UF 70).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT color=#222222 face=Arial,sans-serif><FONT lang=EN style="FONT-SIZE: 9pt">-</FONT></FONT><FONT color=#222222 face="times new roman"><FONT lang=EN style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT color=#222222 face=Arial,sans-serif><B><FONT lang=EN style="FONT-SIZE: 9pt">Compa&#241;&#237;a Pisquera de Chile S.A.</FONT></B></FONT><FONT color=#222222 face=Arial,sans-serif><FONT lang=EN style="FONT-SIZE: 9pt">, overhaul IWWT sludge equipment (UF 734), electrical network improvement in Salamanca (UF 392), IWWT plant in Salamanca (UF 281), IWWT plant in site Sotaqu&#237; (UF 255), solid waste extractor in site Elqui&nbsp; (UF 76) and a technological improvement project in sludge load system (UF 47).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">-</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT color=#222222 face=Arial,sans-serif><B><FONT lang=EN style="FONT-SIZE: 9pt">Transportes CCU Ltda.,</FONT></B></FONT><FONT color=#222222 face=Arial,sans-serif><FONT lang=EN style="FONT-SIZE: 9pt"> water improvement project in San Antonio (UF 365).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">-</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT color=#222222 face=Arial,sans-serif><B><FONT lang=EN style="FONT-SIZE: 9pt">Fabrica de Envases Pl&#225;sticos S.A., </FONT></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">hazardous material storage (UF 2,396), electricity consumption meters by lines (UF 1,168) and replacement of lighting plant (UF 739).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">-</FONT></FONT><FONT face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT color=#222222 face=Arial,sans-serif><B><FONT lang=EN style="FONT-SIZE: 9pt">Cervecera Austral S.A.</FONT></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">, they have not carried out significant environmental investments to December 2015.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The main disbursements of the year, detailed by projects, are the following:</FONT></FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Company that </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">made the </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">disbursement</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Project</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Disbursment incurred during the years ended</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2015</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">As of December 31, 2014</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Expenditure</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Investment</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Committed </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">amount in </FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">future periods</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Estimated date</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">&nbsp;completion of disbursements</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Expenses</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">Investment</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=white face="arial narrow,sans-serif"><B><FONT lang=ES-CL style="FONT-SIZE: 8pt">ThCh$</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CCU Chile Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Disposal of liquid , solid industrial waste and other</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,966,752</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">535,842</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">329,941</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">December 2016</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,924,508</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">4,224,403</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 35.25pt">

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">CCU Argentina S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Disposal of liquid , solid industrial waste and other</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,862,559</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">116,134</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">422,561</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">December 2016</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,847,522</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">85,013</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 36pt">

   <TD style="HEIGHT: 36pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">C&#237;a. Cervecera Kunstmann S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 36pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Disposal of liquid , solid industrial waste and other</FONT></FONT></P></TD>

   <TD style="HEIGHT: 36pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">143,482</FONT></FONT></P></TD>

   <TD style="HEIGHT: 36pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">2,958,767</FONT></FONT></P></TD>

   <TD style="HEIGHT: 36pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,416</FONT></FONT></P></TD>

   <TD style="HEIGHT: 36pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">December 2016</FONT></FONT></P></TD>

   <TD style="HEIGHT: 36pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">132,350</FONT></FONT></P></TD>

   <TD style="HEIGHT: 36pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">62,898</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 35.25pt">

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">C&#237;a. Pisquera de Chile S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Disposal of liquid , solid industrial waste and other</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">318,419</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,712</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">36,035</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">December 2016</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">295,382</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">137,593</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 35.25pt">

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Transportes CCU Ltda.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Disposal of liquid , solid industrial waste and other</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">362,142</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">9,355</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">December 2016</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">297,734</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">12,954</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 35.25pt">

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">VSPT S.A.</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Disposal of liquid , solid industrial waste and other</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">559,209</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">136,181</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">74,293</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">December 2016</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">491,104</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">508,254</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 35.25pt">

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">Others</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT color=black face="arial narrow,sans-serif"><FONT lang=EN-US style="FONT-SIZE: 8pt">Disposal of liquid , solid industrial waste and other</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,084,700</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">197,504</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">722,305</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">December 2016</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">943,663</FONT></FONT></P></TD>

   <TD style="HEIGHT: 35.25pt; BORDER-BOTTOM: #bfbfbf 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT color=black face="arial narrow,sans-serif"><FONT lang=ES-CL style="FONT-SIZE: 8pt">1,244,437</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

   <TD style="HEIGHT: 11.25pt; BACKGROUND: #083a20; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P></TD>

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   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=ES-CL style="FONT-SIZE: 9pt">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. and subsidiaries</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">Notes to the Consolidated Financial Statements</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0cm; TEXT-ALIGN: left" align=left><FONT color=#339966><FONT color=#339966 face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt">December 31, 2015</FONT></FONT></FONT></P></TD>

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<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT color=#003300 face=Arial,sans-serif><B><FONT lang=EN-GB style="FONT-SIZE: 14pt">Note 37 </FONT></B></FONT><FONT color=#003300><B><FONT lang=EN-GB style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face=arial>Subsequent Events</FONT></B></FONT></H1>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">a)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">The Consolidated Financial Statements of CCU S.A. have been approved by the Board Directors on February 2, 2016.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">b)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 10pt">On January 7, 2016, the shareholders of Compa&#241;&#237;a Pisquera Bauz&#225; S.A. came to an agreement in which Compa&#241;&#237;a Pisquera de Chile S.A. (subsidiary of Compa&#241;&#237;a Cervecer&#237;as Unidas S.A.) has sold its interest of 49% to Agroproductos Bauz&#225; S.A. The price of the transaction amounted to UF 150,000 (equivalent to ThCh$ 3,844,364 on December 31, 2015). This investment at December 31, 2015, was recorded under Assets of disposal group held for sale (See </FONT></FONT><FONT color=#339966 face=Arial,sans-serif><B><I><FONT lang=EN-GB style="FONT-SIZE: 9pt">Note 25</FONT></I></B></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 10pt">).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt">c)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 10pt">On January 29, the subsidiaries Aguas </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt">CCU-Nestl&#233; Chile S.A. (&#8220;Aguas&#8221;) and Embotelladoras Chilenas Unidas S.A. </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 10pt">(&#8220;ECUSA&#8221;) have acquired 48.07% and 0.92% of the shares of Manantial S.A. (&#8220;Manantial&#8221;) respectively, exercising the call option granted in the Shareholders&#8217; Agreement of Manantial. As a consequence, Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. is currently the indirect owner of 100% of the shares of Manantial, remaining as the only direct shareholders of Manantial: (i) Aguas with 99.08% of the capital stock, and (ii) ECUSA with 0.92% of the capital stock.</FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 9pt"> </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 10pt">d)</FONT></FONT><FONT face="times new roman"><FONT lang=EN-GB style="FONT-SIZE: 7pt">&nbsp;&nbsp; </FONT></FONT><FONT face=Arial,sans-serif><FONT lang=EN-GB style="FONT-SIZE: 10pt">There are no others subsequent events between the closing date and the filing date of these Financial Statements (February 26, 2016) that could significantly affect their interpretation.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center"><FONT face=Arial><FONT style="FONT-SIZE: 9pt">F-109</FONT></FONT></P>

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<TYPE>EX-12.1
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<DESCRIPTION>EXHIBIT 12.1
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Exhibit 12.1</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt" align=center><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Section 302 - Certification of the Chief Executive Officer</FONT></U></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&nbsp;&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>I, Patricio Jottar, certify that:</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1. I have reviewed this annual report on Form 20-F of Compa&#241;&#237;a Cervecer&#237;as Unidas S.A.;</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the company as of, and for, the periods presented in this report;</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>4. The company&#8217;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a- 15(f) and 15d- 15(f)) for the company and have:</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm; LINE-HEIGHT: 10.8pt; TEXT-INDENT: -14.7pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>a)&nbsp; designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 49.65pt; LINE-HEIGHT: 10.8pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm; LINE-HEIGHT: 10.8pt; TEXT-INDENT: -14.7pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>b)&nbsp; designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 49.65pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm; LINE-HEIGHT: 10.8pt; TEXT-INDENT: -14.7pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>c) evaluated the effectiveness of the company&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 49.65pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm; LINE-HEIGHT: 10.8pt; TEXT-INDENT: -14.7pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>d) disclosed in this report any change in the company&#8217;s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the company&#8217;s internal control over financial reporting; and</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt; TEXT-INDENT: -0.55pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>5. The company&#8217;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the company's auditors and the audit committee of the company's board of directors (or persons performing the equivalent functions):</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm; LINE-HEIGHT: 10.8pt; TEXT-INDENT: -14.15pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the company&#8217;s ability to record, process, summarize and report financial information; and</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm; LINE-HEIGHT: 10.8pt; TEXT-INDENT: -14.15pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>b) any fraud, whether or not material, that involves management or other employees who have a significant role in the company&#8217;s internal control over financial reporting.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 72pt; LINE-HEIGHT: 10.8pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Date: April 29, 2016</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 212.4pt; LINE-HEIGHT: 10.8pt; TEXT-INDENT: 35.4pt"><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>/s/ Patricio Jottar </FONT></U></P>

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<TYPE>EX-12.2
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<P style="MARGIN: 0cm 0cm 10pt 354pt; LINE-HEIGHT: 115%; TEXT-INDENT: 35.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Exhibit 12.2</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Section 302 - Certification of the Chief Financial Officer</FONT></U></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>&nbsp;I, Felipe Dubernet, certify that:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt 36pt; LINE-HEIGHT: 10.8pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1. I have reviewed this annual report on Form 20-F of Compa&#241;&#237;a Cervecer&#237;as Unidas S.A.;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the company as of, and for, the periods presented in this report;</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>4. The company&#8217;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a- 15(f) and 15d- 15(f)) for the company and have:</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm; LINE-HEIGHT: 10.8pt; TEXT-INDENT: -14.15pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 72pt; LINE-HEIGHT: 10.8pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm; LINE-HEIGHT: 10.8pt; TEXT-INDENT: -14.15pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm; LINE-HEIGHT: 10.8pt; TEXT-INDENT: -14.15pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>c) evaluated the effectiveness of the company&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm; LINE-HEIGHT: 10.8pt; TEXT-INDENT: -14.15pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>d) disclosed in this report any change in the company&#8217;s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the company&#8217;s internal control over financial reporting; and</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>5. The company&#8217;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the company's auditors and the audit committee of the company's board of directors (or persons performing the equivalent functions):</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm; LINE-HEIGHT: 10.8pt; TEXT-INDENT: -14.15pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the company&#8217;s ability to record, process, summarize and report financial information; and</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm; LINE-HEIGHT: 10.8pt; TEXT-INDENT: -14.15pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>b) any fraud, whether or not material, that involves management or other employees who have a significant role in the company&#8217;s internal control over financial reporting.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Date: April 29, 2016</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 212.4pt; LINE-HEIGHT: 10.8pt; TEXT-INDENT: 35.4pt"><U><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>/s/ Felipe Dubernet </FONT></U></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 212.4pt; LINE-HEIGHT: 10.8pt; TEXT-INDENT: 35.4pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Chief Financial Officer</FONT></P><FONT style="LINE-HEIGHT: 115%" color=black face=arial,sans-serif></FONT></DIV>

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<DOCUMENT>
<TYPE>EX-13.1
<SEQUENCE>4
<FILENAME>exhibit13_1.htm
<DESCRIPTION>EXHIBIT 13.1
<TEXT>

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<P style="MARGIN: 0cm 0cm 10pt 354pt; LINE-HEIGHT: 115%; TEXT-INDENT: 35.4pt" align=right><FONT lang=PT-BR style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Exhibit 13.1</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Compa&#241;&#237;a Cervecer&#237;as Unidas S.A.</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>(18 U.S.C. Section 1350)</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Pursuant to the requirements of Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Sections 1350(a) and (b)), the undersigned hereby certifies as follows:</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm; TEXT-INDENT: -1cm"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1. &nbsp;I am the Chief Executive Officer of Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. (the &#8220;Company&#8221;).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2. The Company&#8217;s Annual Report on Form 20-F for the year ended December 31, 2015 accompanying this Certification, in the form filed with the Securities and Exchange Commission (the &#8220;Report&#8221;) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (the &#8220;Exchange Act&#8221;); and</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>3. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Dated: April 29, 2016</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 177pt; TEXT-INDENT: 35.4pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>/s/ </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Patricio Jottar </FONT></U></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 177pt; TEXT-INDENT: 35.4pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Chief Executive Officer</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="DISPLAY: none" color=black><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=black face=arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 212.4pt; LINE-HEIGHT: 10.8pt; TEXT-INDENT: 35.4pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif></FONT>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P></DIV>

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<DOCUMENT>
<TYPE>EX-13.2
<SEQUENCE>5
<FILENAME>exhibit13_2.htm
<DESCRIPTION>EXHIBIT 13.2
<TEXT>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=ES-CL style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Exhibit 13.2</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=ES-CL style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=ES-CL style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=ES-CL style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Compa&#241;&#237;a Cervecer&#237;as Unidas S.A.</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>(18 U.S.C. Section 1350)</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Pursuant to the requirements of Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Sections 1350(a) and (b)), the undersigned hereby certifies as follows:</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1. I am the Chief Financial Officer of Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. (the &#8220;Company&#8221;).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2. The Company&#8217;s Annual Report on Form 20-F for the year ended December 31, 2015 accompanying this Certification, in the form filed with the Securities and Exchange Commission (the &#8220;Report&#8221;) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (the &#8220;Exchange Act&#8221;); and</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>3. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Dated: April 29, 2016</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>/s/ </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Felipe Dubernet </FONT></U></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Chief Financial Officer</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-15.1
<SEQUENCE>6
<FILENAME>exhibit15_1.htm
<DESCRIPTION>EXHIBIT 15.1
<TEXT>

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<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>


</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Exhibit 15.1</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">CONSENT OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</font><sup><font color=red face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> </font></sup></p>

<p style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=windowtext face=georgia lang=EN-US style="font-size:10.0pt;">We hereby consent to the incorporation by
reference in the Registration Statement on Form F&#8209;3 (No. </font><font color=windowtext face=georgia lang=EN-US style="font-size:10.0pt;text-decoration:none;">333-190641</font><font color=windowtext face=georgia lang=EN-US style="font-size:10.0pt;">) of Compa&#241;&#237;a Cervecer&#237;as
Unidas S.A. of our report dated February 29, 2016 relating to the financial
statements and the effectiveness of internal control over financial reporting,
which appears in this Form 20-F. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=windowtext face=georgia lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=windowtext face=georgia lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=windowtext face=georgia lang=EN-US style="font-size:10.0pt;">/s/ PricewaterhouseCoopers LLP </font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=windowtext face=georgia lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=windowtext face=georgia lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=windowtext face=georgia lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=windowtext face=georgia lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=windowtext face=georgia lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=windowtext face=georgia lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=windowtext face=georgia lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=windowtext face=georgia lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=windowtext face=georgia lang=EN-US style="font-size:10.0pt;">Santiago, Chile</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=windowtext face=georgia lang=EN-US style="font-size:10.0pt;">April 29, 2016</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=windowtext face=georgia lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=red face=georgia lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>



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<DOCUMENT>
<TYPE>EX-15.2
<SEQUENCE>7
<FILENAME>exhibit15_2.htm
<DESCRIPTION>EXHIBIT 15.2
<TEXT>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=ES-CL style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV>

<P style="MARGIN: 0cm; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm; LINE-HEIGHT: 12pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Exhibit 15.2</FONT></P>

<P style="MARGIN: 0cm; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=georgia></FONT>&nbsp;</P>

<P style="MARGIN: 0cm; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=georgia></FONT>&nbsp;</P>

<P style="MARGIN: 0cm; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=georgia></FONT>&nbsp;</P>

<P style="MARGIN: 0cm; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=georgia>April 29, 2016</FONT></P>

<P style="MARGIN: 0cm; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=georgia>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></P>

<P style="MARGIN: 0cm; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=georgia>Securities and Exchange Commission</FONT></P>

<P style="MARGIN: 0cm; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=georgia>100 F Street, N.E.</FONT></P>

<P style="MARGIN: 0cm; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=georgia>Washington, DC 20549</FONT></P>

<P style="MARGIN: 0cm; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=georgia></FONT>&nbsp;</P>

<P style="MARGIN: 0cm; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=georgia>Commissioners:</FONT></P>

<P style="MARGIN: 0cm; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=georgia></FONT>&nbsp;</P>

<P style="MARGIN: 0cm; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=georgia>We have read the statements made by Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. (copy attached), which we understand will be filed with the Securities and Exchange Commission, pursuant to Item 16 F of Form 20-F, as part of the Form 20-F of Compa&#241;&#237;a Cervecer&#237;as Unidas S.A. dated April 29, 2016. We agree with the statements concerning our Firm in such Form 20-F.</FONT></P>

<P style="MARGIN: 0cm; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=georgia></FONT>&nbsp;</P>

<P style="MARGIN: 0cm; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=georgia>Very truly yours,</FONT></P>

<P style="MARGIN: 0cm; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=georgia></FONT>&nbsp;</P>

<P style="MARGIN: 0cm; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=georgia></FONT>&nbsp;</P>

<P style="MARGIN: 0cm; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=georgia></FONT>&nbsp;</P>

<P style="MARGIN: 0cm; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=georgia>/s/ </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=arial,sans-serif>PricewaterhouseCoopers</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=georgia> </FONT></P>

<P style="MARGIN: 0cm 0cm 8pt; LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 8pt; LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm; LINE-HEIGHT: 12pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Exhibit 15.2</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face=Arial,sans-serif>ITEM 16F: Change in Registrant&#8217;s Certifying Accountants</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 8pt; LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=helv,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 8pt; LINE-HEIGHT: 107%"><FONT style="LINE-HEIGHT: 107%" color=black face=helv,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=helv,sans-serif>i) Pursuant to the Chilean Corporations Act the Company is obliged to elect on an annual basis its principal accountant. The election takes place at the annual shareholders&#180; meeting. The audit committee and the directors committee independently submitted to the board of directors their proposal for the election of the principal accountant for fiscal year 2016. The board of directors&#180; at its meeting held on January 5, 2016 agreed to propose to the annual shareholders&#180; meeting of April 13, 2016 two candidates: KPMG Auditores Consultores Ltda (&#8220;KPMG&#8221;) was proposed in first place, and Pricewaterhouse Coopers Consultores Auditores y Compa&#241;&#237;a Limitada (&#8220;PwC Chile&#8221;), in second place. At the referred annual shareholders&#180; meeting held April 13, 2016, KPMG was elected as principal accountant for the fiscal year 2016. As a consequence, PwC Chile was dismissed as our independent registered public accounting firm on April 13, 2016. Such dismissal becomes effective upon completion by PwC Chile of its procedures on the filing of Form 20-F for the year ended December 31, 2015. PwC Chile served as the company&#180;s independent registered public accounting firm for the fiscal years 2015 and 2014.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 8pt; LINE-HEIGHT: 107%"><FONT style="LINE-HEIGHT: 107%" color=black face=helv,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=helv,sans-serif>(ii) The reports of PwC Chile on the financial statements for the fiscal years ended December 31, 2015 and 2014 contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principle. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 8pt; LINE-HEIGHT: 107%"><FONT style="LINE-HEIGHT: 107%" color=black face=helv,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=helv,sans-serif>(iii) During the fiscal years ended December 31, 2015 and 2014 and the subsequent interim period through April 13, 2016, there have been no disagreements with PwC Chile on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements if not resolved to the satisfaction of PwC Chile would have caused them to make reference thereto in their reports on the financial statements for such years. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 8pt; LINE-HEIGHT: 107%"><FONT style="LINE-HEIGHT: 107%" color=black face=helv,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=helv,sans-serif>(iv) During the fiscal years ended December 31, 2015 and 2014 and the subsequent interim period through April 13, 2016, there have been no reportable events (as defined in Item&nbsp;16F(a)(1)(v) of Form 20-F).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 8pt; LINE-HEIGHT: 107%"><FONT style="LINE-HEIGHT: 107%" color=black face=helv,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=helv,sans-serif>(v) The Registrant has requested that PwC Chile furnish it with a letter addressed to the SEC stating whether or not it agrees with the above statements. A copy of such letter, dated April 26, 2016, is filed as Exhibit 15.2 to this Form 20-F. </FONT></FONT></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
